The GBPUSD keeps declining - Analysis - 25-09-2023
Economies.com
2023-09-25 02:53AM UTC
The GBPUSD pair shows more bearish bias to gradually approach our new waited target at 1.2200, and we suggest the continuation of the negative trades to achieve additional targets that reach 1.2135 areas.
The EMA50 keeps supporting the suggested bearish wave, which moves organized inside the bearish channel that appears on the chart, taking into consideration that breaching 1.2310 will stop the bearish trend and push the price to achieve some intraday bullish correction.
The expected trading range for today is between 1.2150 support and 1.2300 resistance.
The expected trend for today: Bearish
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