GBPUSD Forex Analysis for Today, Thursday(04-01-2024)
Visit onlineforexafrica for more details.
GBPUSD Ready for Buying! Triple Bottom Pattern Identified
Analysis on GBPUSD – Decline in GBPUSD halted with the emergence of a triple bottom pattern. If there’s a pullback towards the base area, consider buying again.
Today’s Trading Strategy:
- BUY in the range of 1.26500-1.26100
- Target: 1.26800-1.27000
- Alternative:
- SELL STOP @1.26000
- Target: 1.25800-1.25700
Resistance Levels
- R1 1.26000
- R2 1.25800
- R3 1.25700
Support Levels
- S1 1.26500
- S2 1.26100
- S3 1.26800
- S4 1.27000
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. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.