Market Outlook of GBPUSD on Thursday September 2023

Technical Analysis
GBPUSD have big potential to sell around 1.23883. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.23101.


Fundamental Analysis
The US dollar economic condition yesterday, September 20, 2023, was strong. The US Dollar Index (DXY), which measures the value of the US dollar against a basket of six foreign currencies, closed at 105.44, up 0.34% from the previous day