The GBPUSD pair shows more bullish bias to reach the thresholds of the waited positive target at 1.2590, noting that breaching this level will extend the correctional bullish wave to reach 1.2725, and we suggest the continuation of the bullish bias in the upcoming sessions supported by the EMA50, reminding you that it is important to hold above 1.2420 to achieve the suggested targets.

The expected trading range for today is between 1.2480 support and 1.2640 resistance.

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The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0169	-0.0049	0.4839%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2106	0.0001	0.0116%

	Silver	20.094	-0.156	0.773%

	Oil	86.658	-0.603	0.691%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1775.095	-6.590	0.370%
Midday update for Gold 16-08-2022

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