The GBPUSD under the negative pressure – Analysis - 09-10-2019

The GBPUSD pair achieved a strong break to the bullish trend line that appears in the image and settled below it, to achieve the expected initial target at 1.2215 and settles there, which puts the price under more of the expected negative pressure in the upcoming period, in its way to resume the main bearish trend.

Therefore, the bearish bias will be preferred for today, and the next target at 1.2100, pointing that the continuation of the expected decline requires holding below 1.2295 level.

The expected trading range for today is between 1.2120 support and 1.2295 resistance.

The expected trend for today: Bearish