The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.2265$.
Note that breaching 1.2385$ will stop the expected decline and lead the price to start recovery attempts that target visiting 1.2480$ areas initially.
The expected trading range for today is between 1.2270$ support and 1.2420$ resistance.
Trend forecast: Bearish