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GBPUSD Continues its Upside Momentum
Analysis on GBPUSD – GBPUSD continues its upward movement amidst the weakening of the US dollar, attempting to breach resistance.
Today’s Trading Strategy:
Opportunity to BUY GBPUSD if it breaks above the 1.2154 – 1.26337 area, with potential upside towards the 1.26581 – 1.26740 region.
Alternately:
If the resistance area of 1.2154 – 1.26337 fails to break, potential pressure on GBPUSD towards the 1.25276 – 1.25212 area.
Resistance Levels
- R1: 1.26337
- R2: 1.26740
- R3: 1.27555
Support Levels
- S1: 1.25212
- S2: 1.24415
- S3: 1.23696
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