The GBPUSD declines calmly - Analysis - 19-09-2023

Economies.com
2023-09-19 03:52AM UTC

The GBPUSD pair resumed its negative crawling to attempt to move away from 1.2400 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and we believe that the way is open to achieve our next main target at 1.2310.

 

Therefore, the bearish trend scenario will remain valid and active, supported by the negative pressure formed by the EMA50, which carries trades inside the bearish channel that appears on the chart, reminding you that it is important to hold below 1.2435 as a first condition to continue the suggested bearish trend.

 

The expected trading range for today is between 1.2285 support and 1.2445 resistance.

 

The expected trend for today: Bearish

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