The GBPUSD pair consolidates above the bullish channel’s support line, getting continuous positive support by the EMA50, noticing that stochastic provides new positive signals now, waiting to motivate the price to resume the bullish wave and head towards our next targets that start at 1.1490 and extend to 1.1660.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.1305 followed by 1.1270 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.1270 support and 1.1430 resistance.
The expected trend for today: Bullish
Origin: Economies
