The GBPUSD hits the target - Analysis - 26-09-2023
Economies.com
2023-09-26 03:39AM UTC
The GBPUSD pair succeeded to achieve our waited target at 1.2200 and presses negatively on it, to surpass it by today’s open, confirming the continuation of the bearish trend domination in the upcoming period, opening the way to head towards 1.2135 that represents our next target.
Therefore, we are waiting for more expected decline on the intraday and short term basis, noting that breaching 1.2230 will push the price to start recovery attempts and head to test 1.2310 areas before any new attempt to decline.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bearish
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