The GBPUSD pair resumed its positive trading after the slight decline that it witnessed in the previous sessions, noticing that the price completed forming bullish flag pattern after breaching the minor bearish channel’s resistance that appears on the chart, to get good positive motive that supports the expectations of continuing the overall bullish trend, which targets 1.2700 followed by 1.2850 levels as next main stations.
Therefore, our bullish overview will remain valid and active, supported by the EMA50 that carries the price from below, noting that breaking 1.2565 will stop the current bullish wave and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 1.2560 support and 1.2720 resistance.
The expected trend for today: Bullish
Origin: Economies
