Midday update for the GBPUSD 07-06-2023
Economies.com
3 months ago
The GBPUSD pair shows negative trades now in attempt to resume the expected bearish trend for today, reinforcing the expectations of continuing the bearish trend for today, which targets 1.2345 as a first station, noting that surpassing this level will extend the bearish wave to reach 1.2240.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1.2470.
The expected trading range for today is between 1.2330 support and 1.2480 resistance.
The expected trend for today: Bearish
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