The GBPUSD pair rallied upwards strongly on last Friday’s evening to breach 1.3000 level and settles above it, which stops the recently suggested negative scenario and leads the price to turn to rise, organized inside the bullish channel that appears on the chart, on its way to achieve positive targets that start at 1.3115 and extend to 1.3265.
Therefore, the bullish trend will be expected for today, supported by the EMA50 that carries the price from below, noting that breaking 1.3000 will put the price under the negative pressure again to head towards testing 1.2895 level initially.
The expected trading range for today is between 1.2970 support and 1.3115 resistance.
The expected trend for today: Bullish
Origin: Economies
