Midday update for the GBPUSD 01-08-2022
Economies.com
1 year ago
The GBPUSD pair resumes its bullish rally to surpass 1.2200 level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our next target at 1.2285, noting that breaching it will extend the bullish wave to reach 1.2490, while holding above 1.2077 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.2100 support and 1.2290 resistance.
The expected trend for today: Bullish
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