The GBPUSD pair bounced upwards clearly after testing the EMA50 in the previous sessions, to trade above 1.3890 again, which reactivates the bullish trend scenario suggested yesterday, waiting for more rise to visit 1.3960 as a first station.
Therefore, the bullish bias will be expected for today, noting that failing to consolidate above 1.3890 will press on the price to decline again and head towards 1.3805 mainly.
The expected trading range for today is between 1.3820 support and 1.3990 resistance.
The expected trend for today: Bullish
Origin: Economies
