The GBPUSD price provided clear positive trades after testing the bullish trend line that appears on the chart, but it loses its positive momentum to show some bearish bias by todays open, to face contradiction between the technical factors that makes us prefer to continue with our neutrality until we get clearer signal for the next trend, through breaking 1.2685 support or breaching 1.2765 resistance.

Note that breaking the mentioned support will push the price to continue the decline within the bearish channel that organizes the bearish wave from 1.2893 areas, to head towards achieving negative targets that start at 1.2600 and extend to 1.2500, while breaching the resistance represents the key to regain the main bullish trend and head to achieve positive targets that start at 1.2880 followed by 1.3000.

The expected trading range for today is between 1.2630 support and 1.2805 resistance.

Trend forecast: Neutral