The GBPUSD resumes the decline - Analysis - 07-06-2022
Economies.com
2022-06-07 04:07AM UTC
The GBPUSD pair resumes its negative trades to touch 1.2490 level again, waiting to surpass this level to confirm extending the bearish wave towards 1.2425, noting that we expect the continuation of the bearish trend domination to target 1.2330 areas on the near term basis.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2590.
The expected trading range for today is between 1.2400 support and 1.2570 resistance.
The expected trend for today: Bearish
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