The GBPUSD price fasces negative pressure to head towards potential test to 1.2415$ level, noticing that the price moves inside intraday bullish channel that supports the chances of continuing the correctional bullish trend in the upcoming sessions, which its next target located at 1.2609$.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.2415$ and holding with a daily close below it.

 

The expected trading range for today is between 1.2375$ support and 1.2525$ resistance

 

Trend forecast: Bullish