GBP Analysis 23-02-2022

The pound sterling dollar pair traded with noticeable negativity yesterday, to approach our awaited target at 1.3525, but it rebounded upwards to move around 1.3600, noting that the stochastic indicator is clearly losing its positive momentum, to support the chances of resuming negative trading and heading towards the mentioned target again.

Therefore, we will continue to suggest the bearish trend for the upcoming period, provided that the price maintains its stability below the 1.3610 level.

The expected trading range for today is between 1.3500 support and 1.3650 resistance

The forecast general trend for today: Bearish