GBPUSD Today's Projection 21/09/22

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GBPUSD

GBPUSD again tried to penetrate the support area 1.13502 - 1.13695 for the third time this week and re-ejected. The downtrend is still quite visible in this pair with a reversal point at resistance 1.16714. Tonight's FOMC will determine whether the Cable will continue to fall deeper through this support or start a reversal and end the downtrend.

[Possible to take]
We test the waves with BUY LIMIT at 1.13750 SL 1.13397 TP 1.15400

R3 1.16714
R2 1.15414
R1 1.14139
PV 1.13695
S1 1.13502
S2 1.10793
S3 1.08693

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