The GBPUSD pair rallies upwards strongly to breach 1.2400 level and attempts to hold above it, to hint the price head to activate the positive scenario in the upcoming sessions, noting that the bullish bias will be suggested for the rest of the day conditioned by the price stability above 1.2400, waiting to visit 1.2520 mainly.
We should note that trading below 1.2400 again will bring us back to neutrality, and it might head to test 1.2326 level initially.
The expected trading range for today is between 1.2300 support and 1.2500 resistance.
The expected trend for today: Bullish for the rest of the day