Midday update for the GBPUSD 25-09-2023

2023-09-25 09:39AM UTC

The GBPUSD pair keeps declining to reach the threshold of the waited target at 1.2200, waiting for more of the bearish bias moves to surpass this level and head towards 1.2135 as a next main target.


therefore, we keep preferring the bearish trend for today, supported by the EMA0, reminding you that holding below 1.2310 is important for the continuation of the expected decline.


The expected trading range for today is between 1.2150 support and 1.2300 resistance.



The expected trend for today: Bearish



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