The GBPUSD pair hovers around the EMA50, noticing that stochastic got rid of its negativity to show clear oversold signals, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its first target located at 1.3150.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that surpassing the EMA50 will push the price to achieve intraday decline that targets testing 1.2920 level before any new positive attempt.
The expected trading range for today is between 1.2920 support and 1.3090 resistance.
The expected trend for today: Bullish
Origin: Economies
