The GBPUSD pair finds difficulty to return to the bullish channel, to show sideways trades in the previous sessions, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the bullish wave that targets 1.2880 areas mainly.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.2720 will stop the expected rise and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 1.2700 support and 1.2850 resistance.
The expected trend for today: Bullish
Origin: Economies
