The GBPUSD pair continues its positive trading to approach from our first main target at 1.2720, which supports the continuation of our bullish overview efficiently for the upcoming sessions, waiting to breach the mentioned level to confirm heading towards the main bearish channel's resistance at 1.2840.
Therefore, we expect to witness more bullish bias for the rest of the day conditioned by the price stability above 1.2550, noting that the EMA50 provides good positive support to the suggested bullish wave.
Expected trading range for today is between 1.2550 support and 1.2800 resistance.
Expected trend for today: Bullish