GBPUSD in Decline, Still Holding in Support Zone
Analysis of GBPUSD – The strengthening of the US dollar is influencing the movement of GBPUSD. GBPUSD is moving downward, and price consolidation is observed at the support level.
Today’s Trading Strategy:
There is a selling opportunity for GBPUSD today if it falls below the 1.23673 level, with the potential target ranging from 1.23430 to 1.23234.
Alternative:
If the support level at 1.23673 holds and is not breached, it may lead to an increase in GBPUSD towards the 1.25168 level.
Resistance Levels:
- R1: 1.25168
- R2: 1.25400
- R3: 1.25508
Support Levels:
- S1: 1.23673
- S2: 1.23430
- S3: 1.23234
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