The GBPUSD pair opens today with clear bullish bias to move above the bearish trend line that appears on the chart, which supports the chances of resuming the correctional bullish bias, waiting to test 1.1830 level initially, noting that breaching this level will push the price to 1.2093 as a next positive station.
Therefore, we suggest witnessing more rise today, supported by the positive signal provided by stochastic, noting that failing to consolidate above 1.1630 considered a negative signal that will press on the price to decline again and test 1.1410 level initially.
The expected trading range for today is between 1.1460 support and 1.1830 resistance.
The expected trend for today: Bullish
Origin: Economies
