The GBPUSD pair traded with strong positivity on last Friday to breach 1.2830 level and rallies to surpass the EMA50, which hints the price attempt to regain the main bullish trend, on its way to test the key resistance 1.2962.
Now, we prefer staying aside temporarily until the price confirms its next destination clearly, noting that breaching 1.2962 resistance will lead the price to continue rising and head towards 1.3100 areas initially, while breaking 1.2830 will reactivate the bearish trend scenario that its next target located at 1.2636.
The expected trading range for today is between 1.2830 support and 1.3020 resistance.
The expected trend for today: Neutral
Origin: Economies
