The GBPUSD awaits more decline - Analysis - 05-07-2022
Economies.com
2022-07-05 03:46AM UTC
The GBPUSD pair shows sideways trades since yesterday, moving around 1.2100 now, while the EMA50 continues to press negatively on the price, which keeps the bearish trend scenario valid and active, which its targets begin by breaking 1.2077 to confirm rallying towards 1.1933 as a next station.
Holding below 1.2225 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.2020 support and 1.2170 resistance.
The expected trend for today: Bearish
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