The GBPSEK price get advantage by its positive fluctuation above the bullish channel’s support that is represented by 11.8715level to begin forming a strong bullish trading to confirm gathering a new positive momentum, to increase the chances for recording new positive targets by reaching 12.3050, then attempting to reach the achieved top at 12.6000.
The stability of the moving average 55 below the bullish channel’s support will increase its strength against the current trading, to confirm the price confinement within the bullish range, to ease the mission for the price rally towards achieving the mentioned main targets.
The expected trading range for today is between 12.000 and 12.3050
The expected trend for today: Bullish