The GBPUSD pair bounced bearishly after reaching few pips away from our first target at 1.2780, to test the EMA50 that forms good support now at 1.2710, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the bullish wave that its next target reaches 1.2825.
Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that breaking 1.2650 will push the price to achieve additional bearish correction that targets 1.2540 areas on the near-term basis.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bullish
Origin: Economies
