The GBPUSD pair resumed its positive trading yesterday to approach our waited target at 1.2777, and continues to move inside the bullish channel that supports the chances of breaching the mentioned level to open the way to achieve more gains on the intraday and short term basis, noting that the next target reaches 1.2855.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 1.2665 will stop the suggested rise temporarily to decline towards 1.2515 areas before any new positive attempt.
The expected trading range for today is between 1.2640 support and 1.2800 resistance.
The expected trend for today: Bullish
Origin: Economies
