The GBPUSD pair rallied upwards strongly yesterday to reach the thresholds of 1.1600 barrier, to keep its stability inside the bullish channel that appears on the chart, which keeps the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that carries the price from below, waiting for more rise to visit 1.1645 as a next positive target.
Holding above 1.1510 level is important to continue the expected rise, as breaking it will press on the price to achieve new bearish correction before turning back to resume the bullish wave.
The expected trading range for today is between 1.1480 support and 1.1650 resistance.
The expected trend for today: Bullish
Origin: Economies
