The GBPUSD resumes the decline - Analysis - 23-09-2022
Economies.com
2022-09-23 04:04AM UTC
The GBPUSD pair returns to decline after the temporary bullish correction that it showed yesterday, as it found solid resistance at 1.1335, which pushed it to return to the main bearish channel again, to reactivate the bearish wave that its next main target reaches 1.1100.
Therefore, we expect to witness more decline on the intraday and short term basis, noting that breaching 1.1335 will push the price to achieve additional bullish correction that targets 1.1410 followed by 1.1475 levels as next positive stations.
The expected trading range for today is between 1.1130 support and 1.1300 resistance.
The expected trend for today: Bearish
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