5
The GBPUSD pair has resumed its positive momentum after testing the $1.2735 level in previous sessions, reinforcing expectations for a continuation of the bullish trend in the coming period. The next target for the pair is now set at $1.2865.
Support from the EMA50 continues to back the bullish outlook, which will remain intact unless the price breaks below $1.2735 and holds beneath it.
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The expected trading range for today is between support at $1.2670 and resistance at $1.2820.
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Trend Forecast: Bullish
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