Overview
The GBP/USD pair shows more negative pressure to approach from testing the key support 1.2505, while stochastic shows clear oversold signals to form bullish momentum that we are waiting for to enable the price to rise again. In general, we will still suggest the bullish trend for today unless 1.2505 level is broken and the price holds below it. Let me reming you that our first main target is located at 1.2720. Besides, we should note that breaking 1.2505 level will push the price to visit 12.339 areas before any new attempt to rise. The expected trading range for today is between 1.2505 support and 1.2720 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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