The GBPUSD pair faced additional negative pressure yesterday to attack the main bullish channel’s support line, to fluctuate around this support, noticing that stochastic provides clear positive signals now, waiting to assist to push the price to resume the main bullish trend followed by heading towards 1.2885 as a next positive station.
Therefore, we will keep our bullish overview, noting that consolidating below 1.2750 will stop the bullish wave and push the price to achieve negative targets that start at 1.2675 and extend to 1.2540 after breaking the previous level.
The expected trading range for today is between 1.2690 support and 1.2845 resistance.
The expected trend for today: Bullish
Origin: Economies
