The GBPUSD touches the target - Analysis - 02-08-2022
9 months ago

The GBPUSD pair managed to achieve our waited target at 1.2285 and finds solid resistance there, to show sideways trades now, affected by stochastic negativity, which urges caution from the upcoming trading, as breaking 1.2230 will press on the price to decline towards 1.2100 areas before any new attempt to rise.


Until now, we continue to suggest the bullish trend as long as 1.2230 level remains intact, noting that our next target extends to reach 1.2490.


The expected trading range for today is between 1.2180 support and 1.2350 resistance.


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The expected trend for today: Bullish

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