Strifor || GBPUSD-10/16/2023

Preferred direction: SELL
Comment: At the beginning of the week, the dollar lost ground slightly, but despite this, the American currency still dominates the market based on a number of technical factors and, of course, fundamental ones. The pound is also expected to fall towards the support area at the level of 1.20500. In the medium term, the instrument may fall even lower in order to eliminate buyers' stop losses.

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