The GBP/USD pair is currently exhibiting calm positive movement, showing signs of initiating the anticipated bullish wave for today. Support from the 50-period EMA strengthens the outlook, with the first key target set at $1.2885.
For the bullish trend to continue, it is crucial for the price to hold above $1.2735. A break below this level could shift the market sentiment, pushing GBP/USD back into its primary bearish trend.
The expected trading range for today is between support at $1.2680 and resistance at $1.2840.
Trend Forecast: Bullish
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