The GBPUSD pair rallied upwards strongly yesterday to surpass our waited target at 1.2093, starting today with more rise to achieve the extended target 1.2304, noting that the price affected by a double bottom pattern that has positive targets that surpass the mentioned level to head towards 1.2515.
Therefore, we expect witnessing more rise in the upcoming sessions supported by the EMA50, taking into consideration that breaking 1.2093 will stop the expected bullish bias and puts the price under the negative pressure again.
The expected trading range for today is between 1.2150 support and 1.2400 resistance.
The expected trend for today: Bullish
Origin: Economies
