The GBPUSD pair tested 1.2590 level and kept its stability above it, to start providing bullish rebound signals and head to build bullish wave on the intraday basis, on its way to test 1.2720 initially.
Therefore, we expect to witness positive trades in the upcoming sessions, supported by the positive overlapping signal provided by stochastic, noting that breaking 1.2590 will stop the suggested bullish wave and push the price to turn to decline.
The expected trading range for today is between 1.2550 support and 1.2700 resistance.
The expected trend for today: Bullish
Origin: Economies
