The GBPUSD pair ended last Friday’s trading above the bullish channel’s support line that appears on the chart, which stops the recently suggested negative scenario and leads the price to resume the main bullish trend, on its way to achieve positive targets that start at 1.3815.
Therefore, the bullish bias will be expected for today supported by moving above the EMA50, noting that the continuation of the bullish wave requires holding above 1.3685.
The expected trading range for today is between 1.3670 support and 1.3830 resistance.
The expected trend for today: Bullish
Origin: Economies
