Midday update for the GBPUSD 08-06-2023
Economies.com
2023-06-08 09:43AM UTC
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the expected negative scenario for today and lead the price to regain the main bullish trend again.
The price needs to trade below 1.2470 again to revive the bearish trend scenario that its first target located at 1.2345.
The expected trading range for today is between 1.2350 support and 1.2510 resistance.
The expected trend for today: Bearish
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