GBPUSD Forex Analysis for Today – Thursday (28-09-2023)
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GBPUSD Declines Towards Psychological Level 1.20000
GBPUSD Analysis – The strengthening of the US dollar is influencing the movement of GBPUSD, where GBPUSD continues to decline towards the support area of 1.20819 – 1.20535.
Today’s Trading Strategy:
There is an opportunity to SELL GBPUSD today as long as it does not break above the 1.21790 – 1.22113 range, with the potential to drop to the area of 1.20819 – 1.20535.
Alternatives:
A breakthrough of the resistance area of 1.21790 – 1.22113 has the potential to push GBPUSD up to the area of 1.22386 – 1.22704.
Resistance Levels:
- R1: 1.22113
- R2: 1.22704
- R3: 1.23408
Support Levels:
- S1: 1.20535
- S2: 1.20054
- S3: 1.19777
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