GBPUSD Forex Analysis for Today – Monday (25-09-2023)
www.forexeducation.forexsahara.comGBPUSD Attempts to Break Support, Watch for Breakout
Analysis of GBPUSD – The strengthening of the US dollar is influencing the movement of GBPUSD, where GBPUSD is declining to test the support area of 1.22453 – 1.22249.
Today’s Trading Strategy:
There is a potential to SELL GBPUSD today if it breaks below the area of 1.22453 – 1.22249, with the potential to decline to the area of 1.21780 – 1.21485.
Alternative:
A breakthrough of the resistance area at 1.22985 – 1.23126 has the potential to push GBPUSD up to the area of 1.23555 – 1.23702.
Resistance Levels
- R1: 1.23126
- R2: 1.23702
- R3: 1.24277
Support Levels
- S1: 1.22249
- S2: 1.21485
- S3: 1.20985
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