GBPUSD Forex Analysis for Today, Monday (08-01-2024)

GBPUSD Forex Analysis for Today, Monday (08-01-2024)

GBPUSD Forex Analysis for Today, Monday (08-01-2024)

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GBPUSD Ready to BUY! Potential Double Bottom

GBPUSD Analysis – GBPUSD has once again found support in a specific area, followed by the appearance of a doji pattern and the potential formation of a double bottom. If there is a breakout above 1.27700, the opportunity for a buy position reopens.

Today’s Trading Strategy:

  • Place a BUY STOP @1.27700
  • Target: 1.28000-1.28200


  • Place a SELL STOP @1.26000
  • Target: 1.25800-1.25600

Resistance Levels:

  • R1: 1.27700
  • R2: 1.28000
  • R3: 1.28200

Support Levels:

  • S1: 1.26000
  • S2: 1.25800
  • S3: 1.25600

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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