Midday update for the GBPUSD 23-06-2022

Economies.com
7 months ago

The GBPUSD pair returns to press on 1.2205 level, noticing that there is a negative formation that contradicts the positive scenario, which urges caution from the upcoming trading, as breaking the mentioned level will force the price to suffer new losses on the intraday basis, while consolidating above it is required to resume the positive scenario that targets 1.2320 followed by 1.2490 levels mainly.

 

The expected trading range for today is between 1.2170 support and 1.2350 resistance.

 

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The expected trend for today: Bullish

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