The GBPUSD price ended yesterday above 1.3124$ level, to stop the bearish correction that dominated the recent trades and head towards resuming the main bullish trend again, on its way to visit 1.3200$ followed by 1.3265$ levels as next main targets.
The bullish channel organizes the suggested bullish wave, supported by the EMA50 that carries the price from below now, taking into consideration that breaking 1.3124$ will stop the expected rise and force the price to achieve more bearish correction.
The expected trading range for today is between 1.3080$ support and 1.3235$ resistance.
Trend forecast: Bullish
