The GBPUSD pair finds difficulty to surpass the EMA50, to fluctuate around 1.2077 level again, noticing that stochastic reaches the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its targets begin by breaching 1.2110 to ease the mission of heading towards 1.2210 as a next positive station.
In general, the bullish trend scenario will remain valid and active unless breaking 1.2045 and holding below it.
The expected trading range for today is between 1.2020 support and 1.2170 resistance.
The expected trend for today: Bullish
Origin: Economies
