The GBPUSD breaks the support - Analysis - 02-06-2022

2022-06-02 04:05:54 GMT (Economies.com)
 

The GBPUSD pair broke 1.2590 level strongly and declined sharply to settle below 1.2500 barrier, to fall under expected negative pressure in the upcoming period, targeting testing 1.2425 as a first negative station, noting that breaking this level will extend the bearish wave to reach 1.2325 as a next target.

 

Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1.2590 and hold above it again.

 

The expected trading range for today is between 1.2380 support and 1.2550 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0243
0.0046
0.4467%
1.2118
0.0001
0.0120%
20.647
0.283
1.390%
89.558
1.080
1.221%
95.24
-1.40
1.45%
1792.055
10.380
0.583%
 
 
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