The GBPUSD pair faced negative pressure yesterday to break the minor bullish channel’s support line and settles below it, but we notice that the EMA50 protects the price from suffering more losses, to start today with bullish bias that encourages us to suggest resuming the main bullish trend in the upcoming sessions, on its way to test 1.2080 followed by 1.2200 levels as next main stations.
Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 1.1950.
The expected trading range for today is between 1.1940 support and 1.2100 resistance.
The expected trend for today: Bullish