The GBPUSD pair succeeded to achieve our waited target at 1.2260 and attempts to breach it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to head towards our next positive station that reaches 1.2440.
The EMA50 continues to support the suggested bullish wave, and the price might witness some temporary sideways fluctuation affected by stochastic negativity, waiting to get positive momentum to add more confirmation to the continuation of the bullish wave.
Holding above 1.2200 represents the first condition to continue the bullish trend, as breaking it will push the price to achieve some temporary bearish correction before resuming the bullish wave again.
The expected trading range for today is between 1.2190 support and 1.2360 resistance.
The expected trend for today: Bullish