The GBPUSD pair traded with clear positivity yesterday to succeed touching our first waited target at 1.2500, waiting for more rise to test 1.2545 that represents our next station, noting that breaching this level will extend the bullish wave to reach 1.2665 areas on the near term basis.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that breaking 1.2450 will stop the bullish wave and push the price to decline towards 1.2370 areas initially before determining the next trend clearly.
The expected trading range for today is between 1.2410 support and 1.2580 resistance.
The expected trend for today: Bullish
Origin: Economies
