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GBPUSD Dives into Support Area, Right Time to Buy!
GBPUSD Analysis – The strengthening of the US dollar is putting pressure on GBPUSD. According to the H1 timeframe chart, GBPUSD is heading towards the support area. There’s a potential for GBPUSD to rebound today.
Today’s Trading Strategy:
- BUY in the Range 1.27250 – 1.27000
- Target: 1.27600 – 1.27900
- Alternatives:
- Consider BUY STOP @1.27000
- Target: 1.26750 – 1.26500
Resistance Levels:
- R1 1.27000
- R2 1.26750
- R3 1.26500
Support Levels:
- S1 1.27250
- S2 1.27000
- S3 1.27600
- S4 1.27900
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