The GBPUSD pair tests the minor bullish channel’s support line that appears on the chart, accompanied by stochastic approach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next targets located at 1.2345 and extend to 1.2450.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 unless breaking 1.2180 and holding below it.
The expected trading range for today is between 1.2150 support and 1.2320 resistance.
The expected trend for today: Bullish