Midday update for the GBPUSD 31-01-2023

Economies.com
2023-01-31 10:30AM UTC

The GBPUSD pair trades negatively to break 1.2320 and attempts to hold below it, which urges caution from the upcoming trading and makes us prefer to stay aside until the price confirms its situation according to this level, as confirming the break will push the price to achieve bearish correction that its targets begin by testing 1.2155 and extend to 1.1940, while consolidating above it will reactivate the positive scenario that its targets begin by testing 1.2440.

 

The expected trading range for today is between 1.2250 support and 1.2400 resistance.

 

The expected trend for today: Neutral

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