The GBPUSD awaits the confirmation signal – Analysis - 13-09-2019

The GBPUSD pair attempted to break 1.2326 level but it couldn’t manage to hold below it, as the EMA50 formed good support against the price, to keep the price stuck between the trend keys represented by the mentioned support and 1.2400 resistance, to keep our neutrality valid until now.

Note that breaking 1.2326 support will press on the price to return to the main bearish track and achieve negative targets that begin at 1.2207 and extend to 1.2134, while breaching 1.2400 resistance will lead the price to turn to rise on the short term basis, to head towards 1.2520 areas initially.

The expected trading range for today is between 1.2250 support and 1.2410 resistance.

The expected trend for today: Depends on the above mentioned levels