The GBPUSD pair succeeded to achieve our first waited positive target at 1.2080 and attempts to breach it now, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that our next station is located at 1.2200.
Therefore, we are waiting for more expected rise on the intraday basis, supported by the EMA50 that carries the price from below, noting that breaking 1.1950 will press on the price to turn to decline and head to test the bullish channel’s support line around 1.1730 before any new attempt to rise.
The expected trading range for today is between 1.2000 support and 1.2190 resistance.
The expected trend for today: Bullish