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Daily Technical Analysis & Recommendations - GBPUSD - 28th October, 2022

gm October 28, 2022

 Daily Technical Analysis & Recommendations - GBPUSD - 28th October, 2022


Daily Technical Analysis & Recommendations - GBPUSD - 28th October, 2022

Daily Technical Analysis & Recommendations - GBPUSD - 28th October, 2022


  • The Bank of England's rhetoric remains hawkish. 
  • GBPUSD next target 1.1724.
  • USD Data Core PCE Price Index eyed. 
  • Bullish bias stays intact ahead of key US Data. 
  • We must stay on upward side.

Recommendation: Buy near 1.1500, Target 1.1724, Stop Loss below 1.1397. 

Alternative Scenario: Below 1.1397 will turn intraday neutral first.


Naveed Anjum 
Technical Analyst


Tags:
gm

Posted by: gm

Currently working as Senior Analyst in Tijarat Network, a leading provider of in depth market analysis, research and trade recommendations for Forex, Stock, Indices and Commodities. Tijarat Network where analysts sit together, analyze technical and fundamental factors, conclude market direction and then issue analysis and forecast regarding where they believe the markets are heading. Elliott Wave Theory is a major factor that contribute in financial forecast. We value our reputation and always fulfill our obligations toward clients and partners.

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