The GBPUSD pair rallied upwards clearly yesterday to breach 1.2720 level and close the daily candlestick above it, which stops the recently suggested negative scenario and lead the price to resume the bullish track within the bullish channel that appears on the chart, on its way to achieve new targets that start at 1.2790 and extend to 1.2880.
Therefore, we expect to witness more rise in the upcoming sessions, it might be preceded by some sideways fluctuation affected by stochastic negativity, being aware that it is important to hold above 1.2790 to continue the expected rise.
The expected trading range for today is between 1.2650 support and 1.2810 resistance.
The expected trend for today: Bullish
Origin: Economies
