The GBPUSD pair didn’t show any strong move in the previous sessions, with some slight bearish bias to head towards potential test to the key support 1.2650, and as we mentioned in our previous reports, holding above this level keeps the bullish trend scenario active for the upcoming period, affected by the double bottom pattern that appears on the chart, reminding you that our next targets are located at 1.2760 followed by 1.2827.
On the other hand, breaking 1.2650 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1.2600 support and 1.2760 resistance.
The expected trend for today: Bullish
Origin: Economies
