GBPUSD Analysis – October 2, 2023

GBP/USD has encountered resistance at the falling trend line on the 4-hour chart, failing to break above it and subsequently pulling back from 1.2271. This suggests that the bounce observed from 1.2109 could be considered as a consolidation phase within the larger downtrend from 1.3141. As long as the price remains below the trend line, &#8230; <a href="https://www.forexcycle.com/short-term-forex-analysis/137068-gbpusd-analysis-october-2-2023.html">Continue reading<span> "GBPUSD Analysis &#8211; October 2, 2023"</span></a>