GBPUSD Held at Support, Potentially Rebounding
GBPUSD Analysis – GBPUSD experienced a correction and held at support, indicating potential upward movement for GBPUSD to rebound.
Today’s Trading Strategy:
Opportunity to BUY GBPUSD as long as it doesn’t break below the range of 1.24614 – 1.24415, with potential upside towards the range of 1.25383 – 1.25627.
Alternative:
A breakout below the support area of 1.24614 – 1.24415 may pressurize GBPUSD towards the range of 1.23824 – 1.23696.
Resistance Levels
- R1: 1.25627
- R2: 1.26412
- R3: 1.27015
Support Levels
- S1: 1.24415
- S2: 1.23696
- S3: 1.22785
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