Daily Forex analysis for 10/2/2023

Hello. Below are several recommendations for trading on the Forex market on October 2, 2023


The EURUSD pair made a correction to the level of 1.0614 and, having rebounded, formed something similar to a Pin bar pattern. My schedule is compressed, so it’s not so beautiful. Of course, I would like a longer correction, but let’s not argue with the trend for now and will take a closer look at sales. Targets for sales, the first is, of course, the previous low of 1.0487, then the level of 1.0392 and 1.0222.


There is also a Pin Bar pattern on the GBPUSD pair, but it is completely hanging in the air, I did not find support for it, they did not reach the FVG above. Of course, sales can be looked for within the day, with some more confident support. We will denote sales targets at the Low level of 1.2109, then the level of 1.2018 and FVG there.


The USDCHF pair also has a Pin Bar pattern based on the nearest FVG. We consider purchases here and outline several goals at the top. The first one is to update the level of 0.9222. Then FVG 0.9331 and the last target at the moment is behind the highs of 0.9440.


On the USDJPY pair we continue to grow and after a slight rollback to the level of 148.66 we formed a Pin bar pattern. You can also shop here. The next targets for purchases are the levels of 150.28 and the maximum of 151.94.

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