Forex

Midday update for the GBPUSD 22-10-2020

2020-10-22 09:01:14 GMT (Economies.com)

The GBPUSD pair crawls downwards calmly to move away from the intraday bullish channel’s resistance gradually, while stochastic continues to provide the negative signals on the four hours’ time frame, to keep the bearish trend scenario valid and active for today, which depends on the price stability below 1.3165, reminding you that our main waited target is located at 1.3000.

 

The expected trading range for today is between 1.3030 support and 1.3200 resistance.

 

The expected trend for today: Bearish temporarily

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