Midday update for the GBPUSD 08-12-2022
Economies.com
2022-12-08 11:21AM UTC
The GBPUSD pair fluctuates with calm negativity to approach the bullish channel’s support line, and the EMA50 meets this support to add more strength to it, while stochastic gathers the positive momentum clearly, waiting to resume the bullish trend that depends on the price stability above 1.2130, while it targets 1.2345 as a next main station.
The expected trading range for today is between 1.2120 support and 1.2290 resistance.
The expected trend for today: Bullish
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