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The GBP/USD price achieved a clear break of the 1.2735 level and decreased to reach the 1.2665 areas, canceling the inverted head and shoulders pattern shown in our previous reports and is under negative pressure during the coming period, on its way to visit the 1.2565 level as a next negative station.

Therefore, the bearish bias will be likely for today, noting that breaching 1.2735 will stop the bearish wave and lead the price to start new recovery attempts on the short-term.

The EUR/USD price managed to break the $1.0475 level and close the daily candle below it, reinforcing expectations of a continuation of the bearish trend during the upcoming sessions, paving the way for heading towards 1.0400, which represents our next target, noting that breaking this level will push the price to visit the recently recorded bottom at 1.0332.

Taking into account that trading above 1.0475 again may push the price to recover and achieve gains that start by testing 1.0563 before determining the fate of the next trend more clearly.