The GBPUSD price returns to test the key support 1.2415$, as it found difficulty to return to the intraday bullish channel, to hint potential return to the main bearish track and stop the current bullish correction.
Now, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 1.2415$ followed by 1.2380$ levels will push the price to decline and target 1.2240$ followed by 1.2100$ areas as main negative stations, while breaching 1.2490$ will lead the price to rally towards 1.2609$ direct.
The expected trading range for today is between 1.2340$ support and 1.2510$ resistance
Trend forecast: Neutral
