The GBPUSD loses momentum - Analysis - 19-09-2022
Economies.com
2022-09-19 04:12AM UTC
The GBPUSD pair finds solid support at 1.1410 level, to fluctuate around it now, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the main bearish wave, which its next target located at 1.1300.
The EMA50 continues to support the expected bearish trend, noting that breaching 1.1460 will stop the suggested negative pressure and lead the price to attempt to recover and achieve intraday gains that might reach 1.1610 before any new negative attempt.
The expected trading range for today is between 1.1310 support and 1.1460 resistance.
The expected trend for today: Bearish
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