The GBPUSD pair attempted to break 1.4140 but it returned to hold above it, as the EMA50 managed to protect the price from suffering more losses, to resume the bullish track and head towards our first waited positive target at 1.4238, reminding you that we need to breach this level to confirm extending the bullish wave towards 1.4375.
On the other hand, we should note that breaking 1.4140 – 1.4125 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.4100 support and 1.4270 resistance.
The expected trend for today: Bullish
Origin: Economies
