The GBPSEK repeats postponing the rise – Analysis – 11-8-2022
Economies.com
2022-08-11 05:40AM UTC
The GBPSEK pair still affected by the negative pressures by settling below 12.3500 barrier, in addition to stochastic negative momentum signals, to force it to postpone the bullish attack and form negative fluctuation by settling near 12.2800.
These factors allow us to suggest more negative trades to attempt to reach 12.1605 followed by testing the bullish channel’s support line at 11.9800.
The expected trading range for today is between 12.3220 and 12.1605
The expected trend for today: Bearish temporarily
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