The GBP/USD currency pair is showing signs of positive momentum, testing the resistance line of its bullish channel. Traders anticipate further gains, with targets set at $1.3335, followed by $1.3400. This upward movement is supported by the EMA50, which is providing a solid foundation beneath the price. It’s important to note that the continuation of this bullish trend relies on maintaining stability above the $1.3265 mark.
The expected trading range for today is between support at $1.3210 and resistance at $1.3370.
Trend Forecast: Bullish
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