The GBPUSD pair presses on 1.2175 level now, which represents the neckline of the double top pattern that appears on the chart, reminding you that breaking this level will press on the price to achieve additional decline that targets 1.2100 before resuming the main bullish wave.
Until now, we will continue to suggest the bullish trend that targets 1.2245 mainly conditioned by the price stability above 1.2100 – 1.2077 levels.
The expected trading range for today is between 1.2100 support and 1.2280 resistance.
The expected trend for today: Overall bullish