Midday update for the GBPUSD 12-05-2022

2022-05-12 09:17:50 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
1.0185
-0.0063
0.6177%
1.2076
-0.0174
1.4171%
19.908
-0.388
1.912%
89.370
-4.294
4.585%
94.92
0.80
0.85%
1773.475
3.175
0.179%
 
 
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