The GBPUSD breaks the support – Analysis - 23-09-2019
Economies.com
2019-09-23 04:54AM UTC
The GBPUSD pair broke the correctional bullish channel’s support line strongly and settled below it, which stops the recently suggested positive scenario and put the price under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that begin at 1.2430 and extend to 1.2295 after breaking the previous level.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.2520 will push the price back to the correctional bullish track, which its next target located at 1.2670.
The expected trading range for today is between 1.2390 support and 1.2550 resistance.
The expected trend for today: Bearish
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