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GBPUSD Analysis 12Oct2023

British Pound / U.S. Dollar (FX:GBPUSD)  
Hokusai_FX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Wave Analysis GBPUSD gbpusdanalysis gbpusdidea hokusaifx forexsignals gbpusdtrade gbpusdoutlook gbpusdforecast
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trendanalysis indicator waveanalysis gbpusd gbpusdanalysis gbpusdidea hokusaifx forexsignals gbpusdtrade gbpusdoutlook gbpusdforecast
During this week, the GBPUSD managed to overcome two bearish obstacles - a trendline and CHoCH formation. This strengthens the analysis that in the medium term, the GBPUSD trend has shifted to being bullish. The initial target for this trend is the SND area, which also intersects with the trendline (marked in red).

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