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