The GBPUSD pair provided negative trades yesterday and approached 1.2636 level, but it returns to rise and fluctuate around the EMA50, which keeps the bullish trend scenario active until now, supported by the positive overlapping signal provided now by stochastic, reminding you that the first target is located at 1.2795.
We should note that breaking 1.2636 will stop the positive overview and press on the price to decline towards 1.2540 areas initially.
The expected trading range for today is between 1.2630 support and 1.2780 resistance.
The expected trend for today: Bullish
Origin: Economies
