GBPUSD Forex Analysis for Today, Friday (01-12-2023)

GBPUSD Forex Analysis for Today, Friday (01-12-2023)

GBPUSD Held at Support, Potential Rebound

Analysis of GBPUSD – The decline of GBPUSD held at support, indicating continued bullish bias.

Today’s Trading Strategy:

  • BUY at Area 1.26175 – 1.25877
  • Target: 1.27125 – 1.27355
  • Alternative:
  • SELL STOP @1.25877
  • Target: 1.25276 – 1.25212

Resistance Levels:

  • R1 1.27125
  • R2 1.27355
  • R3 1.27894

Support Levels:

  • S1 1.26175
  • S2 1.25276
  • S3 1.24415
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