The GBPUSD pair settles above the EMA50, noticing that stochastic gets rid of its negative momentum to approach the oversold areas, thus, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which its next target located at 1.4025.
Holding above 1.3895 is important to achieve the waited targets, as breaking it will press on the price to turn to decline.
The expected trading range for today is between 1.3880 support and 1.4040 resistance.
The expected trend for today: Bullish