FX.co - GBP/USD update for September 24, 2021 - Potential for the upside continuation

2021-09-24T12:00:47

Relevance until2021-09-25

Technical analysis:

GBP/USD update for September 24, 2021 - Potential for the upside continuation

Due to extreme intraday reading and strong impulse from yesterday, I see potential for the upside continuation.

Trading recommendation:

Watch for buying opportunities on the pullback with the potential upside target at 1,3745.

Stochastic is showing extreme bear reading on the intraday time-frame, which is sign that upside can be in the play till end of the day.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ GBP/USD update for September 24, 2021 - Potential for the upside continuation