The GBPUSD pair fluctuates around the breached resistance of the bearish channel and keeps its stability above it until now, noticing that the EMA50 continues to support the price from below, while stochastic begins to overlap positively.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1.2077, while holding above 1.1950 represents key condition to achieve the waited targets.
The expected trading range for today is between 1.1930 support and 1.2080 resistance.
The expected trend for today: Bullish
Origin: Economies
