The GBPUSD pair returned to rise after the decline that it witnessed in the previous sessions, as it kept its stability above the main bullish channel’s support line, to revive the main positive scenario, which its targets begin by testing the recently recorded high at 1.4238, noting that breaching this level will extend the bullish wave to reach 1.4375 areas.
The EMA50 supports the expected bullish trend, which its continuation requires holding above 1.4130.
The expected trading range for today is between 1.4100 support and 1.4270 resistance.
The expected trend for today: Bullish
Origin: Economies
