The GBPUSD pair settled above 1.2500 barrier, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 1.2550 followed by 1.2680 levels as main positive targets.
Stochastic current negatively might hinder the mission to rise, waiting to gather positive momentum that assists to push the price to resume the bullish wave and achieve the suggested targets.
On the other hand, we should note that breaking 1.2450 will stop the expected bullish wave and put the price under the correctional bearish pressure again.
The expected trading range for today is between 1.2450 support and 1.2620 resistance.
The expected trend for today: Bullish
Origin: Economies
