The GBPUSD pair provided clear positive trades yesterday and returns to test the EMA50 now, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the expected bullish wave on the intraday and short term basis, which targets 1.2795 followed by 1.2963 levels mainly.
We remind you that the continuation of the expected rise depends on the price stability above 1.2636, as breaking it will put the price under the negative pressure again, to start the negative targets at 1.2550.
The expected trading range for today is between 1.2620 support and 1.2780 resistance.
The expected trend for today: Bullish
Origin: Economies
