Forex

Midday update for the GBPUSD 21-09-2020

2020-09-21 09:12:15 GMT (Economies.com)

The GBPUSD pair trades with strong negativity o move away from the broken support of the intraday bullish channel, which supports the continuation of our bearish overview that targets 1.2705 as a next main station, noting that the EMA50 reinforces the expectations to decline, which will remain valid unless the price rallied to breach 1.3000 and hold above it.

 

The expected trading range for today is between 1.2800 support and 1.3000 resistance.

 

The expected trend for today: Bearish

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