The GBPUSD pair traded with strong negativity yesterday but it found solid support at 1.2890, which stopped the mentioned decline to push the price to attempt to rise again, as the EMA50 met this support to add more strength to it, noticing that stochastic gains the positive momentum gradually.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, which its next target located at 1.3100, noting that breaking 1.2890 will push the price to test the next support barrier at 1.2720 direct.
Expected trading range for today is between 1.2890 support and 1.3050 resistance.
Expected trend for today: Bullish