Midday update for the GBPUSD 02-08-2022
Economies.com
2022-08-02 08:59AM UTC
The GBPUSD pair broke 1.2230 level clearly to open the way to turn towards the decline in the upcoming sessions, targeting testing 1.2100 before turning back to resume the bullish trend again.
Therefore, the bearish bias will be expected for the rest of the day, noting that the expected decline is temporary, waiting to resume the main bullish wave, taking into consideration that breaking 1.2100 – 1.2077 levels will put the price under more negative pressure and turn the trend to the downside.
The expected trading range for today is between 1.2120 support and 1.2260 resistance.
The expected trend for today: Bearish temporarily
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