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

2022-09-28 04:13:57 GMT (

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

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