The GBPUSD pair hovers near the bullish channel’s support level that appears in the chart, while we still wait for clearer confirmation signal by surpassing one of the trend keys that represented by 1.5405 support and 1.5605 resistance, which makes us remain neutral until now.
The contradiction between stochastic positivity and the EMA50 negativity represents another reason for the neutrality, to recognize the details of the expected targets from breaching the above- mentioned levels, please review our morning report.
Expected trading range for today is between 1.5400 support and 1.5650 resistance.
Expected trend for today: Neutral