Midday update for the GBPUSD 15-03-2023

Economies.com
2023-03-15 11:06AM UTC

The GBPUSD pair faces negative pressure now to test the key support 1.2070, and as we mentioned this morning, the price needs to hold above this level to keep the expected bullish trend active for today, waiting to get positive motive that assists to push the price to head towards 1.2260 that represents our next main target.

 

Note that the continuation of the decline and breaking 1.2060 will push the price to suffer additional losses that reach 1.1940 before any new attempt to rise.

 

The expected trading range for today is between 1.2000 support and 1.2160 resistance.

 

The expected trend for today: Bullish

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