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GBPUSD Rises Attempting to Break Resistance Area
GBPUSD Analysis – The correction of the US dollar affects GBPUSD. GBPUSD is moving upwards, testing the resistance area of 1.22612 – 1.22758.
Today’s Trading Strategy:
There is a buying opportunity for GBPUSD today if it breaks above the area of 1.22612 – 1.22758, with the potential to rise to the area of 1.24147 – 1.24282.
Alternative:
If the resistance area of 1.22612 – 1.22758 fails to break, it may potentially push GBPUSD down to the area of 1.21208 – 1.20952.
Resistance
- R1 1.22758
- R2 1.24282
- R3 1.24841
Support
- S1 1.20952
- S2 1.20315
- S3 1.19966
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