The GBPUSD pair confirmed breaching 1.2515 level, to activate the bullish trend scenario on the intraday and short term basis, paving the way to head towards 1.2777 that represents our next positive target.
The EMA50 supports the price from below to reinforce the expectations to rise, noting that breaking 1.2515 and holding below it will press on the price to turn to decline and head towards 1.2400 followed by 1.2304 levels mainly.
The expected trading range for today is between 1.2500 support and 1.2670 resistance.
The expected trend for today: Bullish
Origin: Economies
