Midday update for the GBPUSD 07-12-2022
Economies.com
2022-12-07 11:02AM UTC
The GBPUSD pair approached the bullish channel’s support line and begins to rebound bullishly now, to hint the attempt to resume the main bullish wave, making the bullish bias suggested for the rest of the day supported by stochastic positivity, waiting to visit 1.2345 followed by 1.2400 levels mainly, noting that breaking 1.2095 will stop the expected rise and press on the price to start intraday bearish correction.
The expected trading range for today is between 1.2050 support and 1.2230 resistance.
The expected trend for today: Bullish
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