Midday update for the GBPUSD 17-12-2021
Economies.com
2021-12-17 11:05AM UTC
The GBPUSD pair faces clear negative pressure to break 1.3315 and attempts to hold below it, which hints heading to return to the main bearish trend and stop the correctional bearish wave, which makes us prefer to stay neutral until the price confirms its situation according to the mentioned level, as confirming the break will press on the price to continue the decline and visit 1.3240 followed by 1.3160 levels as next negative targets.
The expected trading range for today is between 1.3210 support and 1.3360 resistance.
The expected trend for today: Neutral
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