Forex

Midday update for the GBPUSD 17-09-2020

2020-09-17 09:30:32 GMT (Economies.com)

The GBPUSD pair shows positive trades after approaching the intraday bullish channel’s support line, while the EMA50 forms negative pressure against the price, waiting to push trades to decline again and break 1.2890 to confirm opening the way to continue the decline in the upcoming period, as our main negative target at 1.2705.

 

Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.3000 and hold above it.

 

The expected trading range for today is between 1.2820 support and 1.3000 resistance.

 

The expected trend for today: Bearish

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