The GBPUSD is forced for some decline - Analysis - 12-08-2022
Economies.com
2022-08-12 04:09AM UTC
The GBPUSD pair shows bearish bias to draw minor double top pattern that its signs appear on the chart, which might push the price to achieve temporary decline to test the bullish channel’s support line around 1.2100 before turning back to rise again.
In general, the main bullish trend scenario still active unless breaking 1.2100 – 1.2077 levels and holding below them, noting that breaching 1.2245 will lead the price to resume the main bullish trend without the need to the suggested decline.
The expected trading range for today is between 1.2100 support and 1.2280 resistance.
The expected trend for today: Overall bullish
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