The GBP/USD pair continues to display signs of further downside movement, reinforcing expectations for the persistence of the bearish trend throughout the day. The price is on track to reach the projected target of $1.2566. Should the pair break below this level, it could then push towards the next key support at $1.2500.
The current bearish outlook remains intact unless the price breaches the $1.2735 resistance level and stays above it.
Expected Trading Range:
- Support: $1.2575
- Resistance: $1.2730
Trend Forecast: Bearish
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