GBPUSD Forex Analysis for Today, Friday (27-10-2023)
www.forexeducation.forexsahara.com
Correction in GBPUSD, Bearish Trend Continues
Analysis of GBPUSD – The strengthening of the US dollar is impacting the movement of GBPUSD, where GBPUSD is once again heading down towards the support area of 1.20467 – 1.20315.
Today’s Trading Strategy:
There is an opportunity to SELL GBPUSD today as long as it does not break above the area of 1.21636 – 1.21812, with the potential to fall to the area of 1.20467 – 1.20315.
Alternatives:
A breakthrough of the resistance area at 1.21636 – 1.21812 has the potential to push GBPUSD up to the area of 1.22139 – 1.22338.
Resistance Levels:
- R1 1.21812
- R2 1.22338
- R3 1.22916
Support Levels:
- S1 1.20315
- S2 1.19952
- S3 1.19444
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast