Forex

Midday update for the GBPUSD 28-09-2022

2022-09-28 09:22:30 GMT (Economies.com)

The GBPUSD pair fluctuates with slight positivity now after testing the key support base 1.0635, and it might achieve some temporary gains before turning back to decline again.

 

Until now, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.0735 and holding above it, noting that breaking 1.0635 is required to confirm rallying towards 1.0500 as a next negative target.

 

The expected trading range for today is between 1.0550 support and 1.0735 resistance.

 

The expected trend for today: Bearish

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