The GBPUSD price has demonstrated further positive movement, reaching the $1.3265 level. A breach of this level is anticipated to confirm the extension of the bullish trend towards the next target at $1.3325.
Support for the bullish trend is provided by the 50-day Exponential Moving Average (EMA). This bullish outlook will remain valid as long as the price stays above $1.3124. A daily close below this support level could negate the current trend.
Today’s expected trading range is between a support level of $1.3120 and a resistance level of $1.3280.
Trend Forecast: Bullish
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