The GBPUSD pair continues to rise to move away from 1.2400 barrier, to support the continuation of our bullish overview that its next target located at 1.2550, which gets good positive support by the EMA50.
In general, the bullish bias will remain active for today unless breaking 1.2339 level and holding below it, as breaking this level will push the price to visit 1.2210 areas before any new attempt to rise.
Expected trading range for today is between 1.2339 support and 1.2550 resistance.
Expected trend for today: Bullish