The GBPUSD pair resumes its positive trading after confirming breaching 1.2339 level, which supports the continuation of our bullish overview efficiently for the upcoming period, and the way is open to head towards 1.2550 that represents the next main target.
Therefore, the bullish trend will remain suggested on the intraday and short term basis unless breaking 1.2339 and holding below it, noting that breaking this level will push the price to decline again and head towards 1.2165 initially.
Expected trading range for today is between 1.2250 support and 1.2500 resistance.
Expected trend for today: Bullish