GBPUSD Forex Analysis for Today, Tuesday (24-10-2023)
GBPUSD Uptrend Towards Resistance Area
GBPUSD Analysis – The weakening US dollar is influencing the movement of GBPUSD. GBPUSD is once again moving upward towards the resistance area of 1.23258 – 1.23425.
Today’s Trading Strategy:
There is a potential BUY opportunity for GBPUSD today as long as it doesn’t break below the 1.22119 – 1.21856 area, with the potential to rise towards the range of 1.23258 – 1.23425.
Alternative:
If the support area of 1.22119 – 1.21856 is breached, it could potentially push GBPUSD down to the range of 1.21001 – 1.20851.
Resistance Levels
- R1: 1.23425
- R2: 1.24114
- R3: 1.24655
Support Levels
- S1: 1.21856
- S2: 1.20851
- S3: 1.20315
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast