The GBPUSD pair confirmed breaching the bearish channel’s resistance after closing the daily candlestick above it, to reinforce the expectations of continuing the bullish trend in the upcoming sessions, waiting to test 1.2077 as a first station, noting that breaching this level will open the way to achieve gains on the longer term basis that reach 1.2300.
Therefore, the bullish trend scenario will remain suggested for the upcoming period conditioned by the price stability above 1.1980.
The expected trading range for today is between 1.1950 support and 1.2120 resistance.
The expected trend for today: Bullish
Origin: Economies
