The GBPUSD pair faced temporary negative pressure to test the key support base 1.2200, and begins the attempt to rebound bullishly now, as it gets positive support by the EMA50.
In addition, we notice that stochastic gained positive momentum and overlaps positively now, which forms positive motive that we are waiting to assist to push the price to rise again and head towards our next main target that reaches 1.2440.
Therefore, we continue to suggest the bullish trend for the upcoming period, and breaching 1.2300 will ease the mission of achieving the waited targets, reminding you that it is important to hold above 1.2200 to continue the expected rise.
The expected trading range for today is between 1.2150 support and 1.2310 resistance.
The expected trend for today: Bullish
Origin: Economies
