Overview
The GBP/USD pair holds above the breached minor resistance, keeping the positive scenario valid for today. Please note that the stochastic attempts to get rid of its negativity on the intraday time frames to support the chances of bouncing bullishly and resuming the bullish trend. Therefore, we still prefer the bullish scenario and our view is supported by the EMA50. Breaching the level of 1.2890 will open the way towards 1.3100, while holding above 1.2720 is the key condition for continuing the rise. The expected trading range for today is between 1.2750 support and 1.2950 resistance.
