GBPUSD Forex Analysis for Today, Tuesday (19-12-2023)
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GBPUSD Correction Entering Fibonacci Zone
Analyzing GBPUSD – Pound weakness is impacting the movement of GBPUSD, currently undergoing correction entering the Fibonacci area. There’s a potential for a reversal upwards.
Today’s Trading Strategy:
- BUY in the Range of 1.26821 – 1.26127
- Targets: 1.27251 – 1.27945
- Alternatives:
- SELL STOP @1.26127
- Targets: 1.25632 – 1.25003
Resistance Levels
- R1: 1.26127
- R2: 1.25632
- R3: 1.25003
Support Levels
- S1: 1.26821
- S2: 1.26127
- S3: 1.27251
- S4: 1.27945
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