The GBPUSD pair provided clear negative trades yesterday to approach 1.2100 barrier, reinforcing the expectations of continuing the bearish trend, which targets 1.2077 mainly, noting that breaking this level will push the price to 1.1933 as a next negative station.

The EMA50 supports the expected decline, taking into consideration that breaching 1.2225 will stop the current negative pressure and lead the price to start new recovery attempts.

The expected trading range for today is between 1.2040 support and 1.2200 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0172	-0.0047	0.4595%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2108	0.0004	0.0310%

	Silver	20.118	-0.133	0.657%

	Oil	86.838	-0.423	0.485%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1774.910	-6.775	0.380%
Midday update for Gold 16-08-2022

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