The GBPUSD tests the support - Analysis - 31-05-2022
Economies.com
2022-05-31 04:06AM UTC
The GBPUSD pair faces temporary negative pressure now to test the key support 1.2590, keeping its stability above it, while the EMA50 continuation to support the price from below, to continue suggesting the bullish trend for the upcoming period, reminding you that our next target is located at 1.2725.
Note that breaking 1.2590 will stop the expected positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.2560 support and 1.2710 resistance.
The expected trend for today: Bullish
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