The GBPUSD pair kept declining to test the short term bullish trend line and attempts to rebound bullishly from there, supported by stochastic reach to the oversold areas, to continue suggesting the bullish trend in the upcoming sessions, waiting to target 1.4344 level mainly.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 1.3990.
Expected trading range for today is between 1.3950 support and 1.4120 resistance.
Expected trend for today: Overall Bullish
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The EURUSD pair hovers around 1.2304 level and moves above it now, to keep the bullish trend valid until now, supported by stochastic positivity that appears clearly on the four hours’ time frame, waiting to surpass 1.2350 level to ease the mission of heading towards 1.2536 as a next station.
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