The GBPUSD pair tested the key resistance 1.2515 and bounced bearishly from there, to keep the price stuck between the key levels represented by the mentioned resistance and 1.2400 support, which makes us continue with our neutrality until now, waiting to breach one of the mentioned levels to get clearer signal for the next trend.
We remind you that breaching the mentioned resistance will push the price to resume the correctional bullish trend that its next main target located at 1.2777, while breaking the support represents the key to the return of the negative pressure and head towards testing 1.2304 level initially.
The expected trading range for today is between 1.2300 support and 1.2515 resistance.
The expected trend for today: Depends on the above mentioned levels
Origin: Economies
