The GBPUSD pair to rise to move away from the intraday bullish channel’s support line that appears on the chart, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and we believe that the way is open to achieve our next target at 1.2440.
Therefore, we are waiting for more expected rise on the intraday basis, supported by the EMA50 that carries the price from below, noting that breaching the targeted level will lead the price to achieve more gains on the longer term basis, while the expected rise will remain valid unless breaking 1.2250 followed by 1.2215 levels and holding below them.
The expected trading range for today is between 1.2250 support and 1.2410 resistance.
The expected trend for today: Bullish
Origin: Economies
