GBPUSD Forex Analysis for Today, Thursday(12-10-2023)
Bullish Pressure Continues to Accompany GBPUSD
GBPUSD Analysis – The weakening of the US dollar has an impact on GBPUSD. GBPUSD is moving upwards towards the resistance area of 1.23340 – 1.23691.
Today’s Trading Strategy:
There is an opportunity to Buy GBPUSD today as long as it does not break below the area of 1.22788 – 1.22612, with the potential to rise to the area of 1.23340 – 1.23691.
Alternatives:
A breakthrough of the support area at 1.22788 – 1.22612 could potentially push GBPUSD down to the area of 1.21735 – 1.21564.
Resistance:
- R1 1.23691
- R2 1.24282
- R3 1.24841
Support:
- S1 1.22612
- S2 1.21564
- S3 1.20952
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