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GBPUSD 12-10-2023 .

Technical Analysis
By Shady Fouad
0 59

GBPUSD 12-10-2023 .
Prices are moving on a downward path in the short term and prices rebounded from the support areas of 1.2050 as expected with the emergence of purchasing power, which limited the acceleration of the decline, in the meanwhile prices are trading near an important resistance area in the range of 1.2350, where it is expected that selling pressure will appear in those areas which could limit the pace of this corrective movement .

Support

 1.2000 1.1860 –
Resistance 1.2315 1.2350

1.2380
Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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