The GBPUSD pair begins breaching the bearish channel’s resistance line, facing negative pressure formed by the EMA50 and stochastic, waiting to get positive motive that assists to push the price to resume the expected bullish trend for today, which targets 1.2515 level mainly, while holding above 1.2304 represents key condition for its continuation.
The expected trading range for today is between 1.2300 support and 1.2490 resistance.
The expected trend for today: Bullish