GBPUSD Forex Analysis for Tuesday (12-09-2023)
GBPUSD Fails to Break Support, Upside Potential
Analysis for GBPUSD – The correction of the US dollar is influencing the movement of GBPUSD. GBPUSD is moving upwards towards the resistance area of 1.25685 – 1.25919.
Today’s Trading Strategy:
There is a potential to Buy GBPUSD today as long as it doesn’t break below the range of 1.24563 – 1.24395, with the potential to rise towards the area of 1.25685 – 1.25919.
Alternative:
A breakthrough below the support area of 1.24563 – 1.24395 could potentially push GBPUSD down towards the area of 1.24039 – 1.23816.
Resistance Levels:
- R1: 1.25919
- R2: 1.26614
- R3: 1.27176
Support Levels:
- S1: 1.24395
- S2: 1.23816
- S3: 1.23222
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast