Forex GBP/USD Daily Video, September 29, 2023

Sive Morten

Special Consultant to the FPA
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:

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. :cool: