The GBPUSD pair fluctuates at 1.3960 level and attempts to build support base above it, which supports the continuation of the expected bullish trend scenario for the upcoming period, which its next target located at 1.4027.
The EMA50 forms an obstacle against the positive attempts, waiting to surpass this barrier to confirm rallying to achieve additional gains that extend to 1.4110 after surpassing the previous level, taking into consideration that breaking 1.3890 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.3890 support and 1.4050 resistance.
The expected trend for today: Bullish