The GBP/USD achieves intraday gains – Analysis – 18/07/2022

rub-l12The GBPUSD pair trades with clear positivity to attack the intraday bearish channel’s resistance that appears on the chart, hinting heading to achieve more expected gains on the intraday basis, as we expect visiting 1.2025 areas in the upcoming sessions.

Therefore, the bullish bias will be suggested for today, and breaching 1.1920 will ease the mission of heading towards the mentioned target, while the positive scenario will remain valid unless breaking 1.1875 and holding below it.

The expected trading range for today is between 1.1850 support and 1.2000 resistance.

The expected trend for today: Bullish

Origin: Economies

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