GBPUSD Forex Analysis for Today, Tuesday (09-01-2024)
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GBPUSD Ready to SELL! Potential Double Top Formation
GBPUSD Analysis – GBPUSD encountered resistance, followed by the appearance of a dark cloud pattern and the potential formation of a double top.
Today’s Trading Strategy:
- SELL in the range of 1.27600-1.27700
- Target: 1.27300-1.27100
Alternatives:
- Place a BUY STOP @1.27700
- Target: 1.27900-1.27950
Resistance Levels:
- R1: 1.27700
- R2: 1.27900
- R3: 1.27950
Support Levels:
- S1: 1.27600
- S2: 1.27700
- S3: 1.27300
- S4: 1.27100
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