Expected Price Scenarios The GBPUSD price is showing positive trades and approaches the key resistance at 1.2480$. A positive pattern on the chart may assist in breaching this resistance and attempting to regain the main bullish trend. However, technical indicators provide negative signals hindering the rise. We maintain neutrality until the price breaches the resistance or breaks 1.2385$ to confirm the next trend. Breaking the resistance will push the price to achieve gains starting at 1.2580$, while breaking the support would signal the resumption of the bearish wave with the next target at 1.2265$. The expected trading range for today is between 1.2375$ support and 1.2540$ resistance.

Trend Forecast: Neutral