The GBPUSD pair fluctuates near the EMA50 that forms good support against the price, noticing that stochastic shows clear positive signals now, waiting to motivate the price to resume the expected bullish wave, which its next target located at 1.2440.
Note that breaching 1.2290 will ease the mission to achieve the waited target, while holding above 1.2150 is required to continue the suggested bullish wave.
The expected trading range for today is between 1.2130 support and 1.2290 resistance.
The expected trend for today: Bullish