The GBPUSD pair faced negative pressure yesterday to test the key support 1.2650, noticing that the price consolidated above this level and bounced bullishly from there, to start attempts to build bullish wave on the intraday basis, waiting to visit 1.2780 followed by 1.2825 levels as next main targets.
Stochastic overlaps positively to support the expectations to rise in the upcoming sessions, noting that breaking 1.2650 will push the price to turn to decline and achieve additional bearish correction that its next target reaches 1.2540 areas.
The expected trading range for today is between 1.2630 support and 1.2780 resistance.
The expected trend for today: Bullish
Origin: Economies
