The GBPUSD hits the first target - Analysis - 15-09-2023
1 week ago

The GBPUSD pair resumed its negative trading strongly yesterday to succeed achieving our first waited target at 1.2400 and settles near it, and we believe that the way is open to continue the decline and achieve more negative targets, which extend to 1.2310.


Therefore, the bearish trend scenario will remain and active, supported by the EMA50 that presses negatively on the price, taking into consideration that the continuation of the bearish wave requires holding below 1.2505.



The expected trading range for today is between 1.2320 support and 1.2480 resistance.


The expected trend for today: Bearish

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