The GBPUSD pair settled above 1.2330, as the price rallied to test 1.2400 barrier and returns to fluctuate around the EMA50, waiting for more rise in the upcoming sessions, as our next main target is located at 1.2500.
Stochastic begins to get rid of its negative momentum, waiting to get enough positive momentum to push the price to resume the positive attempts, taking into consideration that breaking 1.2300 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.2240 support and 1.2450 resistance.
The expected trend for today: Bullish
Origin: Economies
