The GBPUSD leans on the channel’s support - Analysis - 25-05-2022

2022-05-25 04:09:45 GMT (Economies.com)
 

The GBPUSD pair’s decline stopped at the correctional bullish channel’s support line that appears on the chart, waiting to rebound bullishly to resume the bullish trend on the intraday basis, which its targets begin by breaching 1.2590 to open the way to head towards 1.2725 as a next positive station.

 

Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 1.2420 and holding below it.

 

The expected trading range for today is between 1.2440 support and 1.2620 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0185
-0.0063
0.6186%
1.2078
-0.0172
1.4045%
19.932
-0.364
1.794%
89.258
-4.406
4.704%
95.20
0.30
0.32%
1772.240
1.940
0.110%
 
 
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