The GBPUSD pair faced temporary negative pressure yesterday to test 1.2100 barrier and rebounds bullishly to resume the bullish wave, as the positive effect of the inverted head and shoulders’ pattern still active, supported by the EMA50, waiting for more rise to visit 1.2300 as a next main target.
Therefore, the bullish trend scenario will remain valid and active unless breaking 1.2077 and holding below it.
The expected trading range for today is between 1.2100 support and 1.2270 resistance.
The expected trend for today: Bullish
Origin: Economies
