The GBPUSD pair continues to fluctuate at the key support 1.2720, keeping its consolidation above the bullish channel’s support line, to keep the chances valid to continue the expected bullish trend for the upcoming period, reminding you that the next main target reaches 1.2880.
The EMA50 supports the suggested bullish trend, noting that breaking 1.2720 – 1.2710 will stop the positive scenario and push the price to achieve intraday bearish correction.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bullish
Origin: Economies
