The GBPUSD pair settles above 1.2205 level, to keep the bullish trend scenario active until now, waiting to get enough positive momentum to push the price to resume the positive trades and head towards our targets that start at 1.2320 and extend to 1.2490 after surpassing the previous level.
Note that breaking 1.2205 will stop the expected rise and press on the price to decline towards 1.2077 initially.
The expected trading range for today is between 1.2200 support and 1.2350 resistance.
The expected trend for today: Bullish