The GBPUSD price shows bullish bias to move above 1.2400$ barrier, and it might head to test the minor resistance 1.2470$ before turning back to decline, and as we mentioned in our recent reports, the price needs to hold below this resistance to guarantee the continuation of the main bearish trend, as breaching it will lead the price to continue the rise and test 1.2566$ before declining again.
On the other hand, note that breaking 1.2390$ will provide good negative motive that supports the chances of resuming the bearish trend that its next main target located at 1.2300$.
The expected trading range for today is between 1.2350$ support and 1.2510$ resistance
Trend forecast: Bearish
