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.

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The expected trend for today: Bearish for the rest of the day

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0172	-0.0047	0.4560%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2108	0.0004	0.0306%

	Silver	20.117	-0.134	0.662%

	Oil	86.718	-0.543	0.622%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1775.265	-6.420	0.360%
Midday update for Gold 16-08-2022

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2022-08-15 12:48:12 GMT

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