The GBPUSD price succeeded to achieve our waited target at 1.2890$ and breached it to settle above it, confirming the continuation of the bullish trend on the intraday and short-term basis, reminding you that our next target is located at 1.3000$.
Therefore, the bullish trend scenario will remain dominant in the upcoming sessions, supported by the EMA50 that carries the price from below, taking into consideration that breaking 1.2890$ will push the price to start intraday bearish correction and might head to test 1.2800$ before any new positive attempt.
The expected trading range for today is between 1.2840$ support and 1.2990$ resistance.
Trend forecast: Bullish
Origin: Economies
