Midday update for the GBPUSD 16-08-2022

Economies.com
2022-08-16 10:01AM UTC

The GBPUSD pair attempts to break 1.2030 but it finds solid support there, waiting for confirmed break to open the way to rally towards 1.1930 followed by 1.1800 as next main stations, to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 1.2125.

 

The expected trading range for today is between 1.1960 support and 1.2120 resistance.

 

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The expected trend for today: Bearish

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