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.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0183	-0.0065	0.6313%
The EURUSD gets the positive momentum – Analysis - 08-08-2022
	GBP/USD	1.2076	-0.0174	1.4200%

	Silver	19.910	-0.385	1.899%

	Oil	89.585	-4.079	4.355%
Crude oil price resumes the decline – Analysis - 08-08-2022
	Brent Oil	94.92	0.80	0.85%

	Gold	1773.240	2.940	0.166%
Gold price leans on the channel’s support line – Analysis - 08-08-2022

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