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GBPUSD 25-10-2023 .

0 43

GBPUSD 25-10-2023 .

The prices are moving in a down trend in the short term, as they have declined from a resistance level around 1.2350. It was expected that selling pressure would appear in this area, limiting the upward correction. The prices may retest the support zone around 1.2000  again,  this scenario could be invalidated  if prices break above the previously mentioned resistance level.

Support

1.2000 1.1860
Resistance 1.2315 1.2350

1.2380

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