GBPUSD Declines Toward Support Area
GBPUSD Analysis – The weakening of the Pound Sterling is affecting the movement of GBPUSD. GBPUSD is currently moving downward towards the support area.
Today’s Trading Strategy: There is a selling opportunity for GBPUSD today as long as it doesn’t break above the range of 1.21949 – 1.22278, with the potential to decline to the range of 1.20467 – 1.20315.
Alternative: A breakthrough above the resistance area of 1.21949 – 1.22278 has the potential to push GBPUSD up to the area of 1.23258 – 1.23425.
Resistance
- R1: 1.22278
- R2: 1.23425
- R3: 1.24282
Support
- S1: 1.20315
- S2: 1.19857
- S3: 1.19365
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