The GBPAUD settles below the support – Analysis – 27-9-2022
Economies.com
2022-09-27 05:36AM UTC
The GBPAUD pair formed strong correctional bullish rebound yesterday after touching 1.5900 level in order to decrease the losses, to settle near 1.6610, while the frequent stability below the broken support at 1.6790 forms major factor to confirm the continuation of the negativity for the upcoming period.
Therefore, we recommend to wait to gather the additional negative momentum to manage to activate the bearish track again and start targeting many negative stations by crawling towards .6440 and 1.6360 levels.
The expected trading range for today is between 1.6680 and 1.6440
The expected trend for today: Bearish
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