GBPUSD Forex Analysis for Today, Friday (08-09-2023)
Bearish Bias Accompanies GBPUSD Movement
Analysis of GBPUSD – The strengthening of the US dollar has an impact on the GBPUSD movement, where GBPUSD is declining towards the support area of 1.24538 – 1.24321.
Today’s Trading Strategy:
There is a selling opportunity for GBPUSD today as long as it doesn’t break above the 1.25685 – 1.25919 area, with the potential to decline to the area of 1.24538 – 1.24321.
Alternatives:
A breakthrough of the resistance area at 1.25685 – 1.25919 could potentially push GBPUSD up to the area of 1.26355 – 1.26614.
Resistance Levels:
- R1: 1.25919
- R2: 1.26614
- R3: 1.27176
Support Levels:
- S1: 1.24321
- S2: 1.23524
- S3: 1.23222
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