The GBP/USD pair ended yesterday below the 1.2300 level to fall under expected additional negative pressure in the upcoming sessions, targeting testing at 1.2240 followed by 1.2170 levels as the main negative stations. Therefore, a bearish bias will be expected today unless the price breaches 1.2300 and holds above it again, leading the price to recover and towards 1.2460 as a main positive target. The expected trading range for today is between 1.2200 support and 1.2350 resistance.
