The GBPUSD pair leaned on the EMA50 and bounced bullishly to attempt to return to the main bullish channel, motivated by stochastic positivity, which supports the chances of regaining the bullish trend and head to achieve gains on the intraday and short term basis, and the price needs to breach 1.2785 to confirm rallying towards 1.2885 as a next main target.
Therefore, we expect to witness positive trades in the upcoming sessions, noting that breaking 1.2675 will stop the suggested rise and push the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 1.2700 support and 1.2860 resistance.
The expected trend for today: Bullish
Origin: Economies
