The GBPUSD pair breached 1.2570 level strongly and settled above it, to turn to rise on the intraday basis, and we expect to achieve additional rises that start by testing 1.2670 and extend to 1.2750 after breaching the previous level.

Holding above 1.2570 is important to continue the expected positive scenario, as breaking it will stop the current bullish correction and press on the price to decline again.

The expected trading range for today is between 1.2540 support and 1.2690 resistance.

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0535	0.0094	0.8994%
Update: The EURUSD breaks the support
	GBP/USD	1.2293	0.0245	2.0329%

	Silver	23.157	1.801	8.433%

	Oil	81.475	7.046	9.467%
Midday update for Crude oil 02-12-2022
	Brent Oil	85.86	-1.02	1.17%

	Gold	1795.560	45.085	2.576%
Update: Gold price under the negative pressure

Live Forex Updates

Canada's unemployment falls to four-month lows

2022-12-02 13:41:42 GMT

Canadian economy adds the expected amount of jobs

2022-12-02 13:40:21 GMT

US economy adds more jobs than expected in November

2022-12-02 13:38:25 GMT

US average earnings rise past estimates in November

2022-12-02 13:37:23 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.