The GBPUSD pair rallied upwards yesterday to breach 1.3530 level and heads to achieve more expected rise on the intraday basis, approaching to test 23.6% Fibonacci correction level for the decline measured from 1.4248 to 1.3413, noting that breaching this level will extend the bullish wave to reach 1.3730 direct.
Therefore, the bullish bias will be suggested for the upcoming period, being aware that we need two key conditions to continue the bullish wave; surpassing 1.3610 level, and consolidating above 1.3500.
The expected trading range for today is between 1.3480 support and 1.3650 resistance.
The expected trend for today: Bullish
Origin: Economies
