GBPUSD Forex Analysis for Today, Tuesday (17-10-2023)

GBPUSD Forex Analysis for Today, Tuesday (17-10-2023)

GBPUSD Forex Analysis for Today, Tuesday (17-10-2023)

onlineforexafrica.com

GBPUSD Rebound Testing Resistance Area

GBPUSD Analysis – The weakening of the US dollar is affecting GBPUSD. GBPUSD is currently moving upward, testing the resistance area.

Today’s Trading Strategy:

There is a buying opportunity for GBPUSD today if it breaks above the 1.22175 – 1.22278 area. The potential upside target is the range between 1.23258 and 1.23425.

Alternatives:

If the resistance area of 1.22175 – 1.22278 does not break, there is the potential to push GBPUSD down to the range of 1.21208 – 1.20952.

Resistance Levels

  • R1: 1.22278
  • R2: 1.23425
  • R3: 1.24282

Support Levels

  • S1: 1.20952
  • S2: 1.20315
  • S3: 1.19857
JustMarkets  forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *