GBPUSD Forex Analysis for Today, Monday (06-11-2023)
onlineforexafrica.comGBPUSD Potential Upside, Look for Buying Opportunities
GBPUSD Analysis – The weakening of the US dollar is affecting the movement of GBPUSD. GBPUSD is moving upwards towards the resistance area.
Today’s Trading Strategy:
There is a BUY opportunity for GBPUSD today as long as it does not break below the range of 1.22906 – 1.22456, with the potential to rise towards the range of 1.24147 – 1.24282.
Alternative:
A breakthrough of the support area 1.22906 – 1.22456 has the potential to push GBPUSD down to the range of 1.21051 – 1.20858.
Resistance
- R1: 1.24282
- R2: 1.25182
- R3: 1.25517
Support
- S1: 1.22456
- S2: 1.20858
- S3: 1.20315
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