Strifor || GBPUSD-10/18/2023
Preferred direction: SELL
Comment: The British pound continues to be below the level of 1.22370, which indicates a bearish mood. For the pound, sales look more attractive than for other currency pairs, except that the currencies of the Pacific region can boast of greater downside potential. In the second half of the week, most likely you need to actively look for entry points into shorts. A fall to the local support area at the level of 1.02500 is expected. There is a small probability that the price will move to the level of 1.22370, after which the currency pair will most likely rise in the direction we have outlined.
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Comment: The British pound continues to be below the level of 1.22370, which indicates a bearish mood. For the pound, sales look more attractive than for other currency pairs, except that the currencies of the Pacific region can boast of greater downside potential. In the second half of the week, most likely you need to actively look for entry points into shorts. A fall to the local support area at the level of 1.02500 is expected. There is a small probability that the price will move to the level of 1.22370, after which the currency pair will most likely rise in the direction we have outlined.
Thank you for like and share your views!
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