Midday update for the GBPUSD 18-01-2022
Economies.com
2022-01-18 12:04PM UTC
The GBPUSD pair begins to press on 1.3610 level that represents 23.6% Fibonacci correction level for the rise measured from 1.3173 to 1.3748, thus, breaking it will ease the mission of heading towards our waited negative target at 1.3565, and we expect the extension of the bearish wave to 1.3530.
Therefore, the bearish trend scenario will remain valid conditioned by the price stability below 1.3660.
The expected trading range for today is between 1.3550 support and 1.3700 resistance.
The expected trend for today: Bearish
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