The pair continues to show sideways bias recently to keep the stability of the upside channel’s support line at 147.60, and keep the bullish bias expected for the next period, and to achieve the expected positivity, we need bullish momentum to reach 151.00 level as a first target for the bullish bias.
Stochastic begins to form bullish wave to support the positive bias, but it needs to breach 50 level to support the continuation of trading within the upside channel to reach the mentioned targets.
Expected trading range is between: 148.30 and 151.00
Expected trend for today: Bullish