GBPUSD Forex Analysis for Today
GBPUSD Potential Downside, Testing Support Area
GBPUSD Analysis – The strengthening of the US dollar is affecting GBPUSD, causing GBPUSD to decline towards the support area.
Today’s Trading Strategy:
There is a selling opportunity for GBPUSD today as long as it doesn’t break above the range of 1.23302 – 1.23448, with the potential to fall towards the range of 1.22638 – 1.22487.
Alternatives:
If the resistance area of 1.23302 – 1.23448 is breached, it may push GBPUSD up to the range of 1.24142 – 1.24326.
Resistance
- R1: 1.23448
- R2: 1.24326
- R3: 1.24857
Support
- S1: 1.22487
- S2: 1.21557
- S3: 1.20310