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GBPUSD 25-10-2023 .

Technical Analysis
By Shady Fouad
0 47

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
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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