TradePlus-Fx|GBPUSD: today’s setup – Analytics & Forecasts – 3 October 2023

💬Description: The British pound continues to update its lows and thereby break new local anti-records. The price has already dropped below the level of 1.21166 today, which strengthens the position of sellers, especially intraday. With a high degree of probability, we also expect a fall towards the daily support 1.18730. Considering the average daily move along with today’s news background, even this may not be enough for the price to approach the specified daily target. Therefore, it is better to fix profits until the 1.18730 level.

Regarding labor market data from JOLTS, we can expect support for the dollar, after which the price may begin an upward correction. See today’s expected setup on the chart.

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