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The GBPUSD consolidates below the broken support - Analysis - 21-10-2022
The GBPUSD pair still stable below the bullish channel’s support line, which keeps the negative pressure valid on the intraday basis, waiting to get negative motive that assist to push the price to achieve our targets that start at 1.1055 and extend to 1.0920.
Therefore, the bearish trend scenario will remain active for the upcoming period, noting that holding below 1.1290 is important to achieve the waited targets.
The expected trading range for today is between 1.1120 support and 1.1290 resistance.
The expected trend for today: Bearish
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