The GBPUSD price confirmed breaching the bullish channel’s resistance line after ending yesterday above it, which supports the continuation of the expected bullish trend on the intraday and short-term basis, waiting to visit 1.3295$ as a next target, noting that breaching this level will push the price towards 1.3430$ areas as a next main station.
Holding above 1.3220$ is important to continue the expected rise, as breaking it will put the price under correctional bearish pressure that its targets begin by testing 1.3125$ areas before any new positive attempt.
The expected trading range for today is between 1.3170$ support and 1.3330$ resistance.
Trend forecast: Bullish
Origin: Economies
