The GBP/USD pair hasn’t shown any strong moves since morning, remaining stable below the EMA50 that presses negatively on the price, waiting to break 1.2110 to reinforce the chances of rallying towards our expected negative target at 1.2037.

Therefore, the bearish trend scenario will remain valid and active today, reminding you that it is important to hold below 1.2155 to continue the expected decline. The expected trading range for today is between 1.2040 support and 1.2200 resistance.