The GBPUSD pair continued to decline to reach few pips away from our waited negative target at 1.2590, noticing that the price rebounds bullishly to head towards resuming the bullish trend again, waiting to visit 1.2720 initially.
Stochastic provides clear positive signals that reinforce the suggested positive scenario and support the chances of surpassing the mentioned level to open the way to achieve additional gains that reach 1.2880, noting that the continuation of the bullish wave requires holding above 1.2590.
The expected trading range for today is between 1.2580 support and 1.2720 resistance.
The expected trend for today: Bullish
Origin: Economies
