GBPUSD Under Bearish Pressure
www.forexeducation.forexsahara.comGBPUSD Analysis – Strengthening of the US dollar is exerting pressure on the movement of GBPUSD, the current price is correcting into the Fibonacci area.
Today’s Trading Strategy:
SELL in the Range of 1.25450 – 1.25716
Target: 1.25286 – 1.25020
Alternative:
BUY STOP @1.25716
Target: 1.25903 – 1.26145
Resistance
- R1 1.25716
- R2 1.25903
- R3 1.26145
Support
- S1 1.25450
- S2 1.25716
- S3 1.25286
- S4 1.25020
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