The GBPUSD pair confirmed breaching the bearish trend line that appears on the chart after closing the daily candlestick above it, to turn to rise on the intraday basis, waiting to visit 1.2515 level as a first station, noting that surpassing this level will extend the pair’s gains to reach 1.2777.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1.2304 will stop the expected rise and push the price to resume the main bearish trend again.
The expected trading range for today is between 1.2300 support and 1.2515 resistance.
The expected trend for today: Bullish
Origin: Economies
