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GBPUSD News

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Last Updated Date: 16 May 2022 @ 7:10 AM (UTC)
*Please note that all the dates are in GMT time zone

The larger medium term bear trend pattern still has potential to 1.2140. Trade may try to correct / consolidate declines, but narrow congestion with rallies blunted below 1.2290 will bear flag. A close under 1.2130 could resume bear trending to reach under 1.2075. A close over 1.2309 (SAR) reverses out of the downturn.

Resistance 2      1.2301
Resistance 1      1.2259

 
Support 1          1.2215
Support 2          1.2170



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