GBPUSD Forex Analysis for Today, Wednesday(18-10-2023)

GBPUSD Forex Analysis for Today, Wednesday(18-10-2023)

GBPUSD Forex Analysis for Today, Wednesday(18-10-2023)

GBPUSD Attempting to Break Resistance Area

GBPUSD Analysis – The weakening of the US dollar has an impact on GBPUSD. GBPUSD is moving upward, testing the resistance area.

Today’s Trading Strategy:

There is an opportunity to BUY GBPUSD today if it breaks above the range of 1.22142 – 1.22278, with the potential to rise to the range of 1.23258 – 1.23425.

Alternative:

A breakthrough of the support area of 1.21208 – 1.20952 has the potential to push GBPUSD down to the range of 1.20467 – 1.20315.

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Your email address will not be published.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 *