The GBPUSD pair breached 1.2590 level clearly and closed the daily candlestick above it, to stop the recently suggested negative scenario and head towards resuming the correctional bullish trend, on its way to test 1.2720 initially.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1.2590 will push the price to decline again, to head towards visiting 1.2460 areas mainly.
The expected trading range for today is between 1.2600 support and 1.2740 resistance.
The expected trend for today: Bullish
Origin: Economies
