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GBPUSD 27-10-2023 .

Technical Analysis
By Shady Fouad
0 28

GBPUSD 27-10-2023 .

Prices still move in a down- trend on the short-term, with the key support level at 1.2000 proving to be crucial. It is expected that prices will rebound and retest the resistance level at 1.2315. However, this scenario will no longer be valid if the aforementioned support level is broken.

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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