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EUR/USD
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GBP/USD Price Forecast: Pound Plunges Towards 1.20
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USD/JPY on the Brink of Prior Intervention Level
2023-10-02 14:38:54
Asia Day Ahead: Gold at March 2023 low, USD/JPY Hovers Below Key 150.00 Level
2023-09-29 02:00:00
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GBP/USD – Watch 1.2200 for Support

GBP/USD – Watch 1.2200 for Support

Jamie Saettele, CMT, Sr. Technical Strategist

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Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Is Cable carving a low? If so, then I can think of no better place for support than late December and early 2017 lows at 1.2200. As it is now, the rate is holding the 20 day average, which was resistance earlier this month and support in November but would think that a little more chop is needed in order to even out the +3% day.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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GBP/USD
Bearish
Clock icon 53m
Last updated: Oct 3, 2023