The GBPUSD pair traded with strong negativity yesterday, to break 1.2450 and approach the key support 1.2370, noticing that the price begins today with slight bullish bias in attempt to resume the main bullish trend, motivated by the positive overlapping signal provided by stochastic now.
Therefore, we believe that the chances valid to rise in the upcoming sessions, and the next main target is located at 1.2545, noting that breaking 1.2370 will stop the positive scenario and put the price under the correctional bearish pressure again.
The expected trading range for today is between 1.2350 support and 1.2510 resistance.
The expected trend for today: Bullish
Origin: Economies
