The GBPUSD pair shows sideways trades since morning and settles around 1.2340, thus, no change to the bearish trend scenario that depends on the price stability below 1.2410, organized inside the bearish channel that supports the chances of heading towards our next main target at 1.2200.

The expected trading range for today is between 1.2270 support and 1.2440 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0182	-0.0066	0.6430%
The EURUSD gets the positive momentum – Analysis - 08-08-2022
	GBP/USD	1.2073	-0.0177	1.4429%

	Silver	19.888	-0.408	2.010%

	Oil	89.227	-4.437	4.737%
Crude oil price resumes the decline – Analysis - 08-08-2022
	Brent Oil	94.92	0.80	0.85%

	Gold	1772.580	2.280	0.129%
Gold price leans on the channel’s support line – Analysis - 08-08-2022

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