Forex

Midday update for the GBPUSD 23-10-2020

2020-10-23 10:36:16 GMT (Economies.com)

The GBPUSD pair provided positive trades to test 1.3100 barrier and returns to trade below it, which keeps the bearish trend scenario active for today, which targets 1.3000 level mainly, noting that breaching 1.3175 will stop the expected decline and leads the price to resume the main bullish trend again.

 

The expected trading range for today is between 1.2970 support and 1.3150 resistance.

 

The expected trend for today: Bearish temporarily

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.