The GBPUSD tests the support – Analysis - 12-09-2019

The GBPUSD pair tests the key support 1.2326, and as we mentioned in our recent reports, this level represents one of the trend keys besides 1.2400 resistance, and as long as the price is between these levels, our neutrality will remain valid, waiting to get clearer signal for the next trend.

We remind you that breaking the mentioned support will press on the price to return to the main bearish trend again, targeting 1.2134 followed by 1.2015 areas mainly, while breaching the resistance will extend the pair’s gains to reach 1.2520 on the near term basis.

The expected trading range for today is between 1.2250 support and 1.2410 resistance.

The expected trend for today: Depends on the above mentioned levels