The GBP/USD approaches the resistance – Analysis – 29/12/2022

gbp_usd_news_1The GBPUSD pair provided temporary positive trades yesterday to approach the key resistance 1.2135, and bounced downwards quickly from there, to resume the correctional bearish track, waiting to test 1.1950 as a next main target.

Therefore, we will keep our bearish overview unless breaching 1.2135 and holding with a daily close above it.

The expected trading range for today is between 1.1940 support and 1.2100 resistance.

The expected trend for today: Bearish

Origin: Economies

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