Midday update for the GBPUSD 16-06-2022
Economies.com
2022-06-16 09:11AM UTC
The GBPUSD pair faces negative pressure to test 1.0275 level, which represents one of the next trend keys besides 1.2205 resistance, and as we mentioned this morning, the price needs to surpass one of these levels to detect the next targets clearly.
Therefore, we will continue with our neutrality until the price confirms breaching one of the mentioned levels, and to review the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1.2030 support and 1.2250 resistance.
The expected trend for today: Depends on the above mentioned levels
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