The GBPUSD pair bounced bullishly yesterday to test 1.2410 level, and still below it until now, noticing that stochastic loses its positive momentum clearly, while the EMA50 keeps pressing negatively on the price.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next target located at 1.2200, noting that breaching 1.2410 will push the price to test 1.2490 direct before any new attempt to decline.

The expected trading range for today is between 1.2270 support and 1.2440 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0181	-0.0067	0.6518%
The EURUSD gets the positive momentum – Analysis - 08-08-2022
	GBP/USD	1.2074	-0.0176	1.4384%

	Silver	19.883	-0.412	2.032%

	Oil	89.299	-4.365	4.660%
Crude oil price resumes the decline – Analysis - 08-08-2022
	Brent Oil	94.92	0.80	0.85%

	Gold	1772.285	1.985	0.112%
Gold price leans on the channel’s support line – Analysis - 08-08-2022

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