Midday update for the GBPUSD 22-09-2023

Economies.com
2023-09-22 10:33AM UTC

The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s support line, noticing that stochastic overlaps negatively to motivate the price to provide more negative trades in the upcoming sessions, noting that our next target is located at 1.2200, which breaking it represents the key to rally towards 1.2135 as a next negative station.

 

Therefore, the bearish trend will remain suggested on the intraday and short term basis, reminding you that it is important to hold below 1.2310 to achieve the waited targets.

 

The expected trading range for today is between 1.2190 support and 1.2350 resistance.

 

The expected trend for today: Bearish

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