The GBPUSD pair showed sudden decline yesterday to break 1.2545 level and approach the key support 1.2470, noticing that the EMA50 forms good support to push the price to rebound bullishly again, accompanied by witnessing clear positive signals through stochastic now.
Therefore, we believe that the chances valid to provide new positive trades in the upcoming sessions, and the targets begin at 1.2600 and extend to 1.2680, noting that breaking 1.2470 will stop the bullish wave and push the price to return to the correctional bearish track again.
The expected trading range for today is between 1.2460 support and 1.2610 resistance.
The expected trend for today: Overall bullish
Origin: Economies
