Midday update for the GBPUSD 06-06-2023
Economies.com
2023-06-06 09:10AM UTC
The GBPUSD pair shows negative trades now in attempt to resume the expected bearish wave for today, supported by the overbought signals that appear on stochastic now, waiting for more decline to visit 1.2345 that represents our next target.
We remind you that breaking the mentioned level will push the price to 1.2240 as a next correctional target, while holding below 1.2470 represents key condition to continue the expected decline.
The expected trading range for today is between 1.2345 support and 1.2500 resistance.
The expected trend for today: Bearish
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