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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
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