GBPUSD Forex Analysis for Today – Friday (10-11-2023)
GBPUSD Heading Towards Support, Potential Rebound
GBPUSD Analysis – The strengthening US dollar is influencing GBPUSD, where GBPUSD is declining towards the support area.
Today’s Trading Strategy:
There is an opportunity to BUY GBPUSD today as long as it does not break below the range of 1.21750 – 1.21557, with the potential to rise to the range of 1.22953 – 1.23136.
Alternatively:
A breakthrough of the support area of 1.21750 – 1.21557 has the potential to push GBPUSD down to the range of 1.21046 – 1.20853.
Resistance
- R1 1.23136
- R2 1.24326
- R3 1.24857
Support
- S1 1.21557
- S2 1.20853
- S3 1.20653
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