Midday update for the GBPUSD 24-01-2023

The GBPUSD pair shows negative trades to press on the intraday bullish channel’s support line, which urges caution from the upcoming trading, as continuing the decline and breaking 1.2320 will stop the expected positive scenario for today and force the price to start intraday bearish correction, while the price step above 1.2385 to ease the mission of heading towards our next main target at 1.2590.

The expected trading range for today is between 1.2320 support and 1.2480 resistance.

The expected trend for today: Bullish