The GBPUSD pair resumes its negative trades to surpass our expected target at 1.2200 and confirms the continuation of the bearish trend in the upcoming sessions, reminding you that our next target reaches 1.2080, affected by the previously completed bearish pennant pattern, reminding you that it is important to hold below 1.2310 to continue the expected bearish trend.

The expected trading range for today is between 1.2130 support and 1.2290 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0185	-0.0063	0.6177%
The EURUSD gets the positive momentum – Analysis - 08-08-2022
	GBP/USD	1.2076	-0.0174	1.4171%

	Silver	19.908	-0.388	1.912%

	Oil	89.370	-4.294	4.585%
Crude oil price resumes the decline – Analysis - 08-08-2022
	Brent Oil	94.92	0.80	0.85%

	Gold	1773.475	3.175	0.179%
Gold price leans on the channel’s support line – Analysis - 08-08-2022

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US unemployment falls to two-year low

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