The GBPUSD price settles at the bullish channel’s support line, and attempts to consolidate above it, to keep the bullish trend scenario active on the intraday basis, and the price needs to breach 1.2870$ to reinforce the chances of rallying towards 1.2940$ followed by 1.3044$ levels, which represents the next main targets of the bullish wave.
The EMA50 supports the expected bullish trend, which will remain valid conditioned by the price stability above 1.2825$.
The expected trading range for today is between 1.2750$ support and 1.2910$ resistance.
Trend forecast: Bullish
Origin: Economies
