The GBPUSD pair continues to fluctuate around the EMA50, and didn’t show any strong move in the previous sessions, thus, no change to the bullish trend scenario that depends on the price stability above 1.2205, noting that stochastic gathers the positive momentum to support the expectations to rise, reminding you that our main targets begin at 1.2320 and extend to 1.2490.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish