The GBPUSD resumes the decline - Analysis - 18-09-2023
4 days ago

The GBPUSD pair resumed its negative trading to settle below 1.2400 barrier, reinforcing the expectations of continuing the main bearish trend, and the way is open to achieve our main waited target at 1.2310.


The bearish channel continues to organize the suggested bearish wave, which get continuous support by the EMA50, noting that breaching 1.2435 might push the price to test the key resistance 1.2505 before any new negative attempt.



The expected trading range for today is between 1.2300 support and 1.2450 resistance.


The expected trend for today: Bearish

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