The (GBPUSD) price witnessed fluctuated trading on its last intraday levels, amid the dominance of bullish correctional wave alongside a trend line, indicating the strength and the volume of the bullish momentum of the pair, with the continuation of the positive pressures that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading the overbought conditions, opening the way for achieving more of the gains on the near-term basis.
Therefore, our expectations suggest a rise in the upcoming intraday trading, conditioned by breaching the resistance level at 1.3475 initially, confirming its momentum to resume the rise, targeting the critical resistance level at 1.3585.
The expected trading range is between 1.3400 support and 1.3520 resistance.
Today’s forecast: Neutral
