The GBPUSD pair fluctuates around the EMA50 that forms good resistance against the price, affected by stochastic negativity, to show sideways trades, waiting to get positive momentum that assist to push the price to resume the positive trades and head to achieve gains that start at 1.2500 followed by 1.2545.
Holding above 1.2370 makes us continue to suggest the bullish trend for the upcoming period, noting that breaking it will force the price to achieve new bearish correction that its next target reaches 1.2262.
The expected trading range for today is between 1.2370 support and 1.2520 resistance.
The expected trend for today: Bullish
Origin: Economies
