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CMS Daily Market Report 21st September 2022

 

As the dollar strengthened yesterday, the pound fell 0.45% and closed at 1.1382. The currency pair is now at its lowest price level in decades. Now, due to the dominance of sellers in this range, any price increase towards high levels is a selling opportunity and the path is ready to continue the downward movement towards the 1.1285 range.

According to the analysis, the currency pair is now at the lowest price level in the last few months, and now any price increase towards the 0.67070 range is a selling opportunity, and the path for the price reduction towards the 0.65275 range is available.

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