The GBPUSD pair breached 1.2650 level clearly and settled above it, to open the way to resume the bullish trend, to keep the positive effect of the previously completed inverted head and shoulders’ pattern active after the several retests to the breached neckline, waiting to visit 1.2777 level as a next positive station.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by the EMA50, noting that breaking 1.2635 will put the price under intraday negative pressure to test 1.2515 areas again before determining the next destination clearly.
The expected trading range for today is between 1.2600 support and 1.2777 resistance.
The expected trend for today: Bullish
Origin: Economies
