Midday update for the GBPUSD 22-09-2022

Economies.com
2022-09-22 09:10AM UTC

The GBPUSD pair rallied upwards to attack 1.1295 level and attempts to hold above it, which hints heading to attempt to start bullish correction on the intraday basis, which makes us prefer to stay aside until the price confirms its situation according to this level, as consolidating above it will push the price to achieve gains that start at 1.1410 and extend to 1.1475, while trading below it again will reactivate the main bearish trend scenario that its next target located at 1.1100.

 

The expected trading range for today is between 1.1220 support and 1.1400 resistance.

 

The expected trend for today: Neutral

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