The GBPUSD pair tested 1.2500 level, affected by stochastic to show sideways trades now, waiting to get positive momentum that assists to push the price to resume the bullish wave and head towards our next targets that start at 1.2545 and extend to 1.2650 after breaching the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by moving above the EMA50, noting that breaking 1.2440 will press on the price to test the key support 1.2370 before any new attempt to rise.
The expected trading range for today is between 1.2400 support and 1.2570 resistance.
The expected trend for today: Bullish
Origin: Economies
