The GBPUSD pair has found support near the 1.2725 level and is showing signs of recovery, with an upward trajectory from this point. The pair is poised for anticipated gains today, with an initial target set at the 1.2825 level. A successful breach of this level would be a pivotal point, paving the way for further advances targeting 1.2945.
The presence of the EMA50 as a supportive factor from below adds weight to the expectations of upward movement in the coming trading sessions. It’s worth noting that a breakdown below 1.2725 would halt the current bullish trend and steer the price back toward a bearish trajectory.
In terms of trading ranges, today’s projections indicate support at 1.2700 and resistance at 1.2870.
Overall, the current trend appears to be leaning towards a bullish sentiment.