The GBPUSD pair rallied upwards strongly on yesterday’s evening to breach 1.3000 level and settles above it, which reactivates the main bullish trend scenario again, on its way to achieve new gains that start at 1.3160 and extend to 1.3320.
Therefore, the bullish trend will remain expected in the upcoming sessions, supported by the EMA50, noting that breaking 1.3000 followed by 1.2950 levels will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 1.2950 support and 1.3120 resistance.
The expected trend for today: Bullish
Origin: Economies
