Midday update for the GBPUSD 26-05-2023

2023-05-26 09:16AM UTC

The GBPUSD pair shows positive trades to attempt to breach 1.2345 level, affected by stochastic positivity, and the price needs to hold below this level to keep the correctional bearish trend valid for today, which targets 1.2240 as a next main station.


On the other hand, we should note that confirming breaching 1.2345 will stop the bearish wave and push the price to attempt to regain the main bullish trend again.


The expected trading range for today is between 1.2240 support and 1.2390 resistance.


The expected trend for today: Bearish

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