Midday update for the GBPUSD 04-08-2022
Economies.com
1 year ago
The GBPUSD pair trades with strong negativity to break the bullish channel’s support line and attacks 1.2077, which urges caution from the upcoming trading, as continuing the negative pressure and breaking the mentioned level will stop the recently suggested positive scenario and push the price back to the main bearish track again, while the price needs to step above 1.2155 to confirm resuming the bullish wave that its next target located at 1.2360.
The expected trading range for today is between 1.2040 support and 1.2200 resistance.
The expected trend for today: Bullish
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