The GBPUSD pair did not show any strong move yesterday, to remain stable above the main bullish channel’s support line, supported by the EMA50, waiting to head towards 1.4238 that represents our next main target.
Note that breaking 1.4100 will stop the expected rise and press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 1.4060 support and 1.4220 resistance.
The expected trend for today: Bullish