Midday update for the GBPUSD 25-09-2020
Economies.com
2020-09-25 09:15AM UTC
The GBPUSD pair trades with a clear positivity now to test the bearish channel’s resistance that appears in the image, as we mentioned in our morning report, the price needs to settle below 1.2835, keeping the bearish trend scenario valid in the upcoming period, where breaching it will push the price to achieve extra gains that reach 1.3000 before any new attempt to decline, while the targets of the expected bearish wave begin at 1.2705 and extend to 1.2540.
The expected trading range for today is between 1.2650 support and 1.2835 resistance.
The expected trend for today: Bearish
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