The GBPUSD pair fluctuates at the EMA50 again, and tests the intraday bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas.
Therefore, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which targets 1.3870 as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 1.3680.
The expected trading range for today is between 1.3680 support and 1.3820 resistance.
The expected trend for today: Bullish
Origin: Economies
