Expected Price Scenarios
- The GBPUSD price is showing positive trades and approaches the key resistance at 1.2480$.
- A positive pattern on the chart may assist in breaching this resistance and attempting to regain the main bullish trend.
- However, technical indicators provide negative signals hindering the rise.
- We maintain neutrality until the price breaches the resistance or breaks 1.2385$ to confirm the next trend.
- Breaking the resistance will push the price to achieve gains starting at 1.2580$, while breaking the support would signal the resumption of the bearish wave with the next target at 1.2265$.
The expected trading range for today is between 1.2375$ support and 1.2540$ resistance.
Trend Forecast: Neutral