Midday update for the GBPUSD 21-09-2023
Economies.com
2023-09-21 09:19AM UTC
The GBPUSD pair provides additional negative trades to break 1.2310 level and attempts to hold below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the EMA50 that presses negatively on the price, reminding you that we are waiting to visit 1.2255 followed by 1.2200 levels as next main stations.
On the other hand, we should note that failing to consolidate below 1.2310 will push the price to achieve intraday gains that start at 1.2435.
The expected trading range for today is between 1.2210 support and 1.2370 resistance.
The expected trend for today: Bearish
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