The GBPUSD price trades negatively to approach testing the key support 1.2685, and as we mentioned this morning, this level represents one of the next trend keys besides 1.2765 resistance, as the price needs to surpass one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

We remind you that the continuation of the decline and breaking the mentioned support will put the price under additional negative pressure that targets 1.2600 followed by 1.2500 levels as next negative stations, while breaching the resistance will lead the price to recover and achieve gains that start at 1.2880 and extend to 1.3000.

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

Trend forecast: Neutral