The GBPUSD price faced negative pressure yesterday to test 1.3080$ level, and opens today with calm rise in attempt to resume the main bullish trend, which targets the bullish channel’s resistance line that rises now to 1.3195$
The EMA50 keeps supporting the suggested bullish wave, noting that breaking 1.3044$ will stop the expected rise and push the price to achieve some bearish correction before turning back to rise again.
The expected trading range for today is between 1.3040$ support and 1.3195$ resistance.
Trend forecast: Bullish
Origin: FreshForex
