The pound sterling pair against the dollar was unable to exceed the moving average 50, to trade with noticeable negativity and began to put pressure on the pivotal support level 1.2172 . By closely looking at the chart, we find that the price forms a head and shoulders pattern whose confirmation level is located at the aforementioned support, which means that breaking it will constitute an incentive. Negative. We expect the price to push to achieve negative targets starting at 1.2072 and extending to 1.2037 .
The general trend expected for today: bearish