Midday update for the GBPUSD 02-06-2020

The GBPUSD pair achieved initial breach to 1.2515 and attempts to hold above it, to hint heading to resume the bullish trend on the short term basis, on its way to visit 1.2777 as a next station, but we still neutral until we get a daily close above 1.2515 to confirm the continuation of the rise in the upcoming period.

On the other hand, trading below the mentioned level again will put the price under negative pressure that targets 1.2400 and extend to 1.2304 areas before determining the next destination clearly.

The expected trading range for today is between 1.2380 support and 1.2590 resistance.

The expected trend for today: Neutral