The GBPUSD price provided positive trades yesterday to move away from 1.2735$ level, reinforcing the expectations of continuing the bullish trend on the intraday basis, affected by the inverted head and shoulders’ pattern that appears on the chart, reminding you that our next target is located at 1.2866$.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2735$, as breaking it represents the key to turn to decline and build bearish wave that its targets begin by visiting 1.2650$.
The expected trading range for today is between 1.2700$ support and 1.2866$ resistance
Trend forecast: Bullish
