Forex

Midday update for the GBPUSD 15-08-2022

2022-08-15 08:52:20 GMT (Economies.com)

The GBPUSD pair presses negatively on the bullish channel’s support line and approaches the key support 1.2077, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking this level will stop the recently suggested positive scenario and lead the price to achieve more decline, while the price needs to step above 1.2100 to reinforce the expectations of resuming the bullish trend that its next target located at 1.2250.

 

The expected trading range for today is between 1.2050 support and 1.2210 resistance.

 

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The expected trend for today: Bullish

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