The GBPUSD pair approached 1.2600 barrier and bounced bearishly to test the bullish channel’s support line again, and as long as the price is above 1.2520, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that we are waiting to rally towards 1.2670 as a next main station.
The expected trading range for today is between 1.2480 support and 1.2650 resistance.
The expected trend for today: Bullish