Midday update for the GBPUSD 16-05-2022
Economies.com
2022-05-16 09:42AM UTC
The GBPUSD pair shows more bearish bias to move away from the bearish channel’s resistance, motivated by stochastic negativity, waiting for additional negative trades to achieve our targets that start at 1.2165 followed by 1.2080, reminding you that the continuation of the bearish wave depends on the price stability below 1.2295.
The expected trading range for today is between 1.2160 support and 1.2320 resistance.
The expected trend for today: Bearish
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