The GBPUSD pair traded positively to breach 1.2720 and close the daily candlestick above it, which leads the price to resume the main bullish trend within the bullish channel that appears on the chart, on its way to achieve gains that start at 1.2790 and extend to 1.2880 after surpassing the previous level.
The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 1.2720 followed by 1.2680 levels and holding below them.
The expected trading range for today is between 1.2670 support and 1.2810 resistance.
The expected trend for today: Bullish
Origin: Economies
