GBPUSD Forex Analysis for Today, Thursday (28-12-2023)

GBPUSD Forex Analysis for Today, Thursday (28-12-2023)

GBPUSD Positioned at Resistance Area, Continuing the Upside

GBPUSD Analysis – Weakness in the US dollar supports the rise of GBPUSD. From the H1 timeframe chart, GBPUSD is attempting to breach the resistance. Pay attention if it successfully breaks through.

Today’s Trading Strategy:

  • Buy Stop @1.28028
  • Target: 1.28450 – 1.28600
  • Alternatives:
    • Buy at Range 1.27632 – 1.27509
    • Target: 1.27783 – 1.28028

Resistance Levels:

  • R1 1.28028
  • R2 1.28450
  • R3 1.28600

Support Levels:

  • S1 1.27632
  • S2 1.27509
  • S3 1.27783
  • S4 1.28028

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 is not responsible for any losses that may arise from the use of this analysis.

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