Midday update for the GBPUSD 09-10-2019

2019-10-09 10:02:14 GMT (

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


More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.