GBPUSD Potential for Further Upside
Analysis of GBPUSD – The weakening of the US dollar post the Fed decision is supporting GBPUSD, with the current price moving upwards, testing the resistance area.
Today’s Trading Strategy:
- Buy in the Range of 1.26088 – 1.25882
- Target: 1.26421 – 1.26782
Alternative:
- Sell Stop @1.25882
- Target: 1.25715 – 1.25548
Resistance Levels
- R1: 1.25882
- R2: 1.25715
- R3: 1.25548
Support Levels
- S1: 1.26088
- S2: 1.25882
- S3: 1.26421
- S4: 1.26782
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