The GBPUSD pair managed to touch our waited target at 1.2590 and faces solid resistance there, noticing that stochastic begins to get rid of its negative momentum, to support the chances of resuming the positive trades and attempt to surpass the mentioned level to open the way to rally towards the next positive target that reaches 1.2725.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to breach 1.2590 will force the price to rebound bearishly and visit 1.2420 areas initially.

The expected trading range for today is between 1.2500 support and 1.2650 resistance.

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The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0170	-0.0049	0.4751%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2106	0.0002	0.0161%

	Silver	20.094	-0.156	0.770%

	Oil	86.743	-0.518	0.594%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1774.235	-7.450	0.418%
Midday update for Gold 16-08-2022

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