Forex GBP/USD Daily Video, September 29, 2023

[Sive Morten]

Good morning,

It seems that our suggestion was correct and EUR has started upside bounce. Price behavior suggests that it could continue for few more sessions. Meantime, due to dovish step from BoE, it is excellent setup is forming on GBP:

 

[Brett Reynolds]

Indeed. End of month and EUR/£ look very over-sold. $AUD & $Kiwi are ahead of the game and begin their retracements already.
1.07 would be area i will look to take a short on Euro..& 1.24-1.25 for £GBP.