The GBPUSD pair rallied upwards strongly yesterday, to complete forming the inverted head and shoulders’ pattern and approach the suggested positive target at 1.3310, and we expect to surpass this level to open the way to visit 1.3380 as a next positive target.
Therefore, the bullish bias will be suggested in the upcoming sessions, supported by the EMA50, noting that breaking 1.3235 followed by 1.3175 levels will stop the suggested rise and press on the price to decline again.
The expected trading range for today is between 1.3230 support and 1.3380 resistance.
The expected trend for today: Bullish
Origin: Economies
