The GBPUSD pair provided clear positive trades yesterday to reach 1.2680 level, and returns to fluctuate near 1.2600 barrier, noticing that stochastic got rid of its negative momentum and approaches the oversold areas, waiting to motivate the price to resume the bullish wave that targets 1.2700 followed by 1.2850 levels as next main stations.
The EMA50 keeps supporting the expected bullish wave, taking into consideration that breaking 1.2580 will stop the current rise and push the price to start bearish correction that its targets begin by visiting 1.2470 followed by 1.2420 areas.
The expected trading range for today is between 1.2560 support and 1.2710 resistance.
The expected trend for today: Bullish
Origin: Economies
