The GBPUSD pair breached our first target at 1.2935 clearly and closed the daily candlestick above it, starting today with additional positivity to move away from this level, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, and the way is open to visit 1.3010 that represents our next target.
Therefore, our bullish overview will remain valid, supported by the EMA50 that carries the price from below, noting that breaking 1.2935 will stop the bullish bias and push the price to turn to decline.
The expected trading range for today is between 1.2900 support and 1.3050 resistance.
The expected trend for today: Bullish
Origin: Economies
