Midday update for the GBPUSD 05-06-2023
Economies.com
3 months ago
The GBPUSD pair provides clear negative trades to break 1.2430 level and reinforce the expectations of continuing the bearish trend domination in the upcoming sessions, and the way is open to achieve our next waited target at 1.2345, noting that breaking it will push the price to the next correctional level at 1.2240.
Moving below the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2470.
The expected trading range for today is between 1.2345 support and 1.2495 resistance.
The expected trend for today: Bearish
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