The GBPUSD pair settles above the correctional bearish channel’s resistance, but we notice that the price lost its positive momentum and finds difficulty to continue the rise, to continue with our neutrality until we get clearer signal for the next trend through breaking 1.2025 support or breaching 1.2135 resistance.
We remind you that breaking the mentioned support will push the price to resume the correctional bearish track and head towards 1.1950 followed by 1.1795 levels as next negative stations, while breaching the resistance will lead the price to stop the bearish correction and achieve positive targets that start at 1.2235.
The expected trading range for today is between 1.1950 support and 1.2140 resistance.
The expected trend for today: Neutral
Origin: Economies
