Forex

Midday update for the GBPUSD 09-10-2019

2019-10-09 10:02:14 GMT (Economies.com)

The GBPUSD pair rallied to the upside to test the critical resistance at 1.2295 and bounced lower from there, keeping the bearish trend scenario valid and active for today, depending on the stability below the mentioned level, pointing that breaking 1.2215 will ease the price mission to achieve our next negative target at 1.2100.

 

The expected trading range for today is between 1.2120 support and 1.2295 resistance.

 

The expected trend for today: Bearish

 

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