The GBPUSD tests the resistance - Analysis - 03-06-2022
Economies.com
2022-06-03 04:12AM UTC
The GBPUSD pair provided clear positive trades yesterday to test the key resistance 1.2590, as it consolidates below this level, accompanied by witnessing clear negative signals through stochastic, thus, we believe that the chances valid to resume the bearish wave, which targets 1.2490 followed by 1.2425 levels as next main stations.
On the other hand, we should note that breaching 1.2590 and holding above it will stop the expected decline and lead the price to resume the short term bullish wave.
The expected trading range for today is between 1.2470 support and 1.2650 resistance.
The expected trend for today: Bearish
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