Forex

Midday update for the GBPUSD 05-07-2022

2022-07-05 09:47:59 GMT (Economies.com)

The GBPUSD pair resumed its negative trades clearly to break 1.2077 and reinforce the expectations of continuing the bearish trend, waiting for more decline to visit 1.1933 that represents our next target, noting that holding below 1.2077 represent the first condition to continue the suggested scenario.

 

The expected trading range for today is between 1.2000 support and 1.2100 resistance.

 

The expected trend for today: Bearish

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