The GBPUSD achieves the temporary decline - Analysis - 03-08-2022
1 year ago

The GBPUSD pair approached the bullish channel’s support line that appears on the chart, and begins to curve upwards now, to resume the bullish wave within the mentioned channel and head to achieve gains that start at 1.2340 and extend to 1.2490 on the near term basis.


Therefore, we expect to witness positive trades in the upcoming sessions supported by the EMA50 and stochastic, noting that the continuation of the bullish wave requires holding above 1.2115 and the most important above 1.2077.



The expected trading range for today is between 1.2100 support and 1.2265 resistance.


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The expected trend for today: Bullish

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