Midday update for the GBPUSD 22-05-2023
Economies.com
2023-05-22 09:29AM UTC
The GBPUSD pair resumes its negative trading after testing 1.2470 level in the previous sessions, motivated by stochastic negativity that appears clearly now, waiting for more decline in the upcoming sessions, reminding you that our next target is located at 1.2345.
In general, the bearish trend scenario will remain valid and active for today unless breaching 1.2470 followed by 1.2510 levels and holding above them.
The expected trading range for today is between 1.2360 support and 1.2510 resistance.
The expected trend for today: Bearish
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