GBPUSD Decline Attempts to Break Support
Analysis of GBPUSD – GBPUSD is experiencing selling pressure amid the resurgence of the US dollar, making the support breakthrough precarious.
Today’s Trading Strategy:
Potential to SELL GBPUSD today if it breaches the lower area of 1.24143 – 1.23967, with the possibility of falling towards the range of 1.22663 – 1.22630.
Alternatives:
If the support area at 1.24143 – 1.23967 remains unbroken, it could propel GBPUSD towards the zone of 1.25004 – 1.25071.
Resistance Levels:
- R1: 1.25071
- R2: 1.26123
- R3: 1.27054
Support Levels:
- S1: 1.23967
- S2: 1.22630
- S3: 1.22252
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