The GBPAUD keeps the negative stability – Analysis – 6-7-2022

The GBPAUD pair continued to provide negative closings below the major resistance 1.7930, to notice the beginning of forming negative waves by approaching the first negative target at 1.7500.

We will depend on forming additional barrier at 1.7710 to wait to gather the negative momentum in order to motivate the negative trades that might target 1.7390 followed by reaching 1.7200 support line.

The expected trading range for today is between 1.7645 and 1.7400

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The expected trend for today: Bearish