The GBPUSD pair traded negatively yesterday and approached the key support 1.2645, noticing that the price bounced bullishly to settle above 1.2700 barrier now, which keeps the bullish trend scenario valid for the upcoming period, waiting to visit 1.2825 as a next main target.
Breaching 1.2740 will ease the mission of achieving the waited target, noting that breaking 1.2645 will push the price to achieve new bearish correction on the intraday basis, its next target reaches 1.2540 areas.
The expected trading range for today is between 1.2640 support and 1.2800 resistance.
The expected trend for today: Bullish
Origin: Economies
