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Important price line being approached by Silver JULY 2022. This price has been tested numerous times before.

Silver JULY 2022 is moving towards a line of 22.1350 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Silver JULY 2022 continues in its current trajectory, we may see it move towards 22.1350 within the next 3 days.

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We could see a 108 pip movement on GBPUSD within 48 hours following this event release.

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We expect S to trend downwards today.

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