The GBPUSD pair managed to surpass the EMA50 and holding above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to achieve our positive targets at 1.2780 followed by 1.2825.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2650.
The expected trading range for today is between 1.2640 support and 1.2800 resistance.
Origin: Economies
