The GBPUSD pair traded with clear positivity to breach 1.0980 and head to achieve expected intraday gains, on its way to test the bearish channel’s resistance around 1.2150, making the bullish bias suggested in the upcoming sessions, noting that the expected rise is temporary, waiting to rebound bearishly to resume the main bearish track again.
Note that the suggested rise will remain valid unless breaking 1.1980 and hold below it again, while breaching 1.2150 will lead the price to achieve additional gains and achieve bullish correction on the intraday basis.
The expected trading range for today is between 1.1970 support and 1.2150 resistance.
The expected trend for today: Bullish
Origin: Economies
