Forex

The GBPUSD fails to breach - Analysis - 28-09-2022

2022-09-28 04:13:57 GMT (Economies.com)

The GBPUSD pair found solid resistance at 1.0845, to rebound downwards clearly and press on the key support 1.0635, which hints heading to resume the main bearish wave after the temporary bullish correction that it witnessed in the previous sessions, noting that breaking the mentioned support will push the price to 1.0500 followed by 1.0295 levels as main negative targets.

 

Therefore, the negative scenario will remain suggested for the upcoming period, noting that failing to break 1.0635 will push the price to achieve new intraday gains and head to test 1.0845 again.

 

The expected trading range for today is between 1.0550 support and 1.0720 resistance.

 

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Economies 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 Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.