The GBPUSD pair rallied upwards strongly to breach 1.3805 followed by 1.3890 levels and settles above the last one, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to achieve additional gains that reach 1.3960 as a next station.
On the other hand, we notice that the price completed forming double bottom pattern that supports the chances of continuing the rise in the upcoming sessions, making the bullish bias suggested on the intraday and short term basis, noting that breaking 1.3890 is considered as a negative key to press on the price to return to the bearish track again.
The expected trading range for today is between 1.3820 support and 1.3990 resistance.
The expected trend for today: Bullish
Origin: Economies
