GBPUSD Analysis: Moving Towards Support Area
GBPUSD Analysis – The strengthening of the US dollar still has an influence on GBPUSD. GBPUSD is currently moving downward to test the support area.
Today’s Trading Strategy:
There is an opportunity to SELL GBPUSD today as long as it does not breach the range of 1.22175 – 1.22278, with the potential to drop to the area of 1.21208 – 1.20952.
Alternatives:
A breakthrough above the resistance area of 1.22175 – 1.22278 has the potential to push GBPUSD up to the area of 1.23258 – 1.23425.
Resistance Levels
- R1: 1.22278
- R2: 1.23425
- R3: 1.24282
Support Levels
- S1: 1.20952
- S2: 1.20315
- S3: 1.19857
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