Midday update for the GBPUSD 05-10-2023

The GBPUSD pair tested the key support 1.2115 without managing to break it, to remain confined between the trend confirmation levels represented by the mentioned support and 1.2175 resistance, which keeps our neutrality valid until the price manages to surpass one of these levels and detect its next targets clearly.

To review the details of the expected targets after the breach, please check our morning report.

The expected trading range for today is between 1.2060 support and 1.2250 resistance.

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