The GBPUSD needs positive momentum - Analysis - 08-12-2022
Economies.com
2022-12-08 04:29AM UTC
The GBPUSD pair shows some slight bearish bias now to move around 1.2200 level, affected by stochastic negativity, while the EMA50 continues to support the price from below, to keep the chances valid to continue the expected bullish trend on the intraday and short term basis, which its next target located at 1.2345.
Note that breaking 1.2130 will stop the expected rise and press on the price to start bearish correction that its targets begin by visiting 1.1925 areas.
The expected trading range for today is between 1.2120 support and 1.2290 resistance.
The expected trend for today: Bullish
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