Midday update for the GBPUSD 24-05-2022
Economies.com
2022-05-24 09:21AM UTC
The GBPUSD pair trades with strong negativity after facing solid resistance at 1.2590, to head towards potential test to the key support 1.2420 in the upcoming sessions, making the bearish bias suggested for the rest of the day, being aware that it is important to monitor the price when reaching the mentioned target, as breaking it will press on the price to resume the main bearish track again, while breaching 1.2590 represents the key to resume the correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.2420 support and 1.2560 resistance.
The expected trend for today: Bearish for the rest of the day
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