Midday update for the GBPUSD 18-09-2023
Economies.com
4 days ago
The GBPUSD pair shows some slight bullish bias to test 1.2400 barrier, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, to keep our bearish overview that targets 1.2310 as a next main station.
Holding below 1.2435 represents the first condition to continue the expected decline, as breaching it represents the key to achieve intraday gains that target testing 1.2505 before any new attempt to decline.
The expected trading range for today is between 1.2300 support and 1.2450 resistance.
The expected trend for today: Bearish
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