The GBPUSD pair could not manage to confirm breaching 1.2975 level yesterday, to remain stuck between this resistance and 1.2920 support, which keeps our neutrality valid until now, waiting to get clearer signal for the next trend.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, reminding you that breaking the above mentioned support will press on the price to head towards the next correctional level at 1.2736, while breaching the resistance will lead the price to resume the main bullish track and test 1.3150 level initially.
The expected trading range for today is between 1.2850 support and 1.3050 resistance.
The expected trend for today: Neutral
Origin: Economies
