The GBPUSD pair settles above the EMA50, providing some positive attempts that hint heading to resume the expected bullish trend for the upcoming period, which target testing 1.3975 level initially.
Therefore, we are waiting for bullish trades today conditioned by the price stability above 1.3820.
The expected trading range for today is between 1.3820 support and 1.4000 resistance.
Ahead in the day, we have the Bank of England set to announce its monetary policy and release the updated forecasts from its quarterly report. Also, later in the day the US will release its Unemployment Claims. If there are any surprises, Cable would not be the only pair prone to significant movement.
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