Forex

The GBPUSD tests the channel’s support line - Analysis - 15-08-2022

2022-08-15 04:09:01 GMT (Economies.com)

The GBPUSD pair achieved the expected decline to touch the bullish channel’s support line and settles there, accompanied by witnessing positive signals through stochastic, waiting to motivate ethe price to rebound bullishly and resume the main bullish trend, noting that the positive targets begin at 1.2250 and extend to 1.2400.

 

Therefore, we will keep our bullish overview, noting that breaking 1.2100 followed by 1.2077 levels will stop the expected rise and press on the price to turn to decline.

 

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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