The GBPUSD pair bounced upwards strongly after approaching our waited negative target at 1.2720, to breach 1.2848 level and settle above it, which stops yesterday’s expected bearish trend and lead the price to resume the main bullish trend, on its way to achieve new gains that start by visiting 1.3000 barrier.
Therefore, the bullish bias will be expected for today, waiting to get positive momentum that assist to push the price to achieve the suggested targets, taking into consideration that breaking 1.2848 will stop the expected rise and push the price to decline towards 1.2770 areas before any new positive attempt.
The expected trading range for today is between 1.2810 support and 1.2970 resistance.
The expected trend for today: Bullish
Origin: Economies
