The GBPUSD pair’s decline stopped at 1.2675 level, as it found solid support there, to start rising and attempting to recover on the intraday basis, which hints heading to build new bullish wave, its targets begin by testing the broken support of the main bullish channel that turns into resistance now at 1.2815, noting that breaching this level will push the price back to the mentioned channel and achieve additional gains that reach 1.2900 areas.
Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by the technical indicators’ positivity, taking into consideration that breaking 1.2675 will stop the bullish wave and push the price to achieve bearish correction on the intraday and short term basis.
The expected trading range for today is between 1.2660 support and 1.2820 resistance.
The expected trend for today: Bullish
Origin: Economies
