Midday update for the GBPUSD 11-05-2022
Economies.com
2022-05-11 09:22AM UTC
The GBPUSD pair continues to fluctuate within the bearish pennant, testing its resistance now, waiting to resume the negative trades to break 1.2295 and get negative motive that assist to push the price towards our main expected target at 1.2200.
In general, the bearish trend will remain valid for today unless breaching 1.2375 and holding above it.
The expected trading range for today is between 1.2240 support and 1.2400 resistance.
The expected trend for today: Bearish
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