GBP/USD has confirmed to break above this level after yesterday’s close above the bearish trend line, and the intraday trend will turn up. Currently waiting for GBP/USD to test the first target of 1.2515. If this level is exceeded, the exchange rate will continue to rise to 1.2777.
Therefore, the GBP/USD is forecast to be bullish today. GBP/USD is above EMA 50, which supports bullish expectations. It should be noted that once the GBP/USD falls below 1.2304, this will stop the expected rise and push the exchange rate back to the main bearish trend.
GBP/USD trading today is expected to be between 1.2300 support and 1.2515 resistance.
Today’s expected trend for GBP/USD is bullish.