The GBPUSD pair rallied upwards strongly to surpass the EMA50 and settles above it, reinforcing the expectations of more rise in the upcoming period, waiting to visit the psychological barrier at 1.6000 as a next main target.
Therefore, we expect witnessing more positive trading conditioned by holding above 1.5470 level.
Expected trading range for today is between 1.5450 support and 1.5650 resistance.
Expected trend for today: Bullish