The GBPUSD pair resumes its positive trading after the temporary decline that it witnessed in the previous sessions, to keep the positive effect of the inverted head and shoulders’ pattern active, and we believe that the way is open to head towards our main waited target at 1.2777.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 that carries the price from below, reminding you that holding above 1.2515 is important to achieve the waited targets.
The expected trading range for today is between 1.2600 support and 1.2777 resistance.
The expected trend for today: Bullish