The GBPUSD pair bounced upwards after approaching the sideways range’s support line, to move above the EMA50, and the price still confined inside the mentioned range that its lines represented by 1.4095 support and 1.4238 resistance, noting that the price needs to surpass one of these levels to detect its next destination clearly.
We remind you that breaching the resistance will lead the price to resume the main bullish trend that its next target located at 1.4375, while breaking the support will put the price under the correctional bearish pressure again, to head towards 1.4030 followed by 1.3960 levels mainly.
The expected trading range for today is between 1.4070 support and 1.4240 resistance.
The expected trend for today: Sideways
Origin: Economies
