The GBPUSD pair opens today’s trading with a clear bullish bias after a calm day, affected by the holiday of the UK markets, where the price leaned on the EMA50 well and bounced higher from there, resuming its suggested bullish track in our last reports, targeting 1.4885 levels mainly.
Therefore, our bullish trend expectations will remain valid and active for today, supported by the organized movement within the minor bullish channel that appears in the chart, taking into consideration that breaking 1.4555 level will stop the expected rise and pushes the price to decline to 1.4260 before any new attempt to rise.
Expected trading range for today is between 1.4600 support and 1.4855 resistance.
Expected trend for today: Bullish