The GBPUSD pair achieved strong gains yesterday, showing more bullish bias by today’s open, to confirm stopping the negative pressure that dominated the recent trades and turn to rise, heading towards visiting 1.2777 as a first positive target.
Therefore, we expect witnessing more rise in the upcoming sessions, noting that breaching the targeted level will extend the pair’s gains to reach 1.3000, while the bullish trend will remain valid unless breaking 1.2515 and holding below it again.
The expected trading range for today is between 1.2600 support and 1.2777 resistance.
The expected trend for today: Bullish
Origin: Economies
