Forex

Midday update for the GBPUSD 18-09-2020

2020-09-18 09:27:24 GMT (Economies.com)

The GBPUSD pair fluctuates around the EMA50, and the price still below 1.3000, while stochastic reaches the overbought areas.

 

Therefore, these factors encourage us to continue suggesting the bearish trend for today, which its next main target located at 1.2705, while breaching 1.3000 will stop the expected decline and leads the price to turn to rise.

 

The expected trading range for today is between 1.2840 support and 1.3020 resistance.

 

The expected trend for today: Bearish

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