The GBPUSD pair bounced upwards clearly to breach 1.2720 level and end yesterday above it, to return to the main bullish channel again, opening the way to resume the bullish track and head to achieve positive targets that start at 1.2880.
Therefore, the bullish bias will be suggested in the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.2720 will stop the positive scenario and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 1.2700 support and 1.2850 resistance.
The expected trend for today: Bullish
Origin: Economies
