The GBPUSD pair returns to fluctuate at the intraday bullish channel’s support line, and the EMA50 meets this channel’s support to add more strength to it, while stochastic continues to provide the positive signals.
Therefore, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which depends on the price stability above 1.2390, noting that our next target reaches 1.2610.
The expected trading range for today is between 1.2370 support and 1.2520 resistance.
The expected trend for today: Bullish
Origin: Economies
