The GBPUSD pair trades with a clear positivity yesterday to reach 1.2200 barrier, which provides signals for the price head to achieve more of the gains on the intraday basis, in its way to test 1.2304 mainly.
Therefore, the bullish bias will be preferred for today, pointing that we are waiting for a bearish rebound after visiting the targeted level to resume the negative scenario on the short term basis, while breaching 1.2304 represents a key rally for achieving more of the upside moves in the upcoming period.
The expected trading range for today is between 1.2100 support and 1.2304 resistance.
The expected trend for today: Bullish
Origin: Economies
