The GBPUSD hits the target - Analysis - 21-09-2023
2023-09-21 03:45AM UTC

The GBPUSD pair managed to achieve our main waited target at 1.2310 and presses negatively on it, to support the chances of continuing the bearish bias and head to achieve new declines that we expect to reach 1.2255 followed by 1.2200 levels.


The bearish channel continues to organize the expected bearish wave, which gets continuous support by the EMA50, taking into consideration that failing to break 1.2310 will lead the price to start recovery attempts and build intraday bullish wave that targets testing 1.2435 areas initially.



The expected trading range for today is between 1.2210 support and 1.2370 resistance.


The expected trend for today: Bearish

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