Main Scenario: As long as GBPUSD stays above 1.2840, the main trend will be still upwards on daily basis. Then the pair may go up to 1.3103 price level
Target Expectation: 1.3103 – 1.3242
Considerations Supporting The Scenario: Sterling rose back above the $1.30 on Wednesday after an EU statement that said it would not suspend Brexit negotiations over the British government’s new internal market bill.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2840
Alternative Target Expectation: 1.2643