The GBPUSD pair bounced upwards strongly on last Friday after approaching our first waited negative target at 1.1130, to attack 1.1325 level and close the daily candlestick above it, which leads the price to recover and head to achieve expected gains in the upcoming sessions, targeting visiting 1.1470 areas initially.
Therefore, we expect to witness new positive trades today, and breaching 1.1375 will ease the mission of achieving the waited targets, taking into consideration that failing to consolidate above 1.1325 will press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1.1250 support and 1.1430 resistance.
The expected trend for today: Bullish
Origin: Economies
