GBPUSD Forex Analysis for Today – Tuesday (03-10-2023)
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GBPUSD Breaks Psychological Level 1.21000
Analysis GBPUSD – The strengthening of the US dollar has an impact on the movement of GBPUSD, where GBPUSD is once again declining towards the support area of 1.20710 – 1.20475.
Today’s Trading Strategy:
There is a potential to Sell GBPUSD today as long as it does not break above the range of 1.21449 – 1.21643 with the potential to drop to the area of 1.20710 – 1.20475.
Alternative:
A breakthrough above the resistance area of 1.21449 – 1.21643 has the potential to push GBPUSD up to the area of 1.22111 – 1.22224.
Resistance Levels
- R1: 1.21643
- R2: 1.22224
- R3: 1.22753
Support Levels
- S1: 1.20475
- S2: 1.20556
- S3: 1.19884
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