The GBPUSD breaks the support - Analysis - 13-09-2023
1 week ago

The GBPUSD pair confirmed breaking 1.2505 after closing the daily candlestick below it, to head towards resuming the bearish trend within the bearish channel that appears on the chat, on its way to achieve negative targets that start at 1.2400 and extend to 1.2310.


Therefore, the bearish trend will be expected for today, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.2505 and holding above it will stop the suggested decline and lead the price to start new recovery attempts.



The expected trading range for today is between 1.2390 support and 1.2540 resistance.


The expected trend for today: Bearish

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