The GBPUSD price confirmed breaching the bullish flag pattern’s resistance, waiting to gather positive momentum that assist to push the price to resume the bullish trend, noting that the first target is located at 1.2870, and breaching it will extend the bullish wave to reach 1.2915 followed by 1.3000.
The bullish channel continues to organize the suggested bullish wave, noting that breaking 1.2760 will push the price to turn to decline and head to test 1.2650 areas before any new attempt to rise.
The expected trading range for today is between 1.2740 support and 1.2890 resistance.
Trend forecast: Bullish
Origin: Economies
