Midday update for the GBPUSD 22-12-2021
Economies.com
2021-12-22 11:05AM UTC
The GBPUSD pair rallies upwards again to breach 1.3275 and heads to achieve more potential gains in the upcoming sessions, approaching the key resistance 1.3315, which represents 23.6% Fibonacci correction level for the decline from 1.3815 to 1.3161, which makes us stay aside until we get clearer signal for the next trend.
Note that breaching the mentioned resistance will lead the price to achieve additional bullish correction that its next target reaches 1.3410, while breaking 1.3250 will reactivate the bearish trend scenario that its first main target located at 1.3160.
The expected trading range for today is between 1.3200 support and 1.3350 resistance.
The expected trend for today: Neutral
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