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GBPUSD Breaking High, Potential Upside

GBPUSD Analysis – GBPUSD showing bullish movement amid US dollar weakness

Today’s Trading Strategy:

Opportunity to BUY GBPUSD as long as it doesn’t breach below the range of 1.24697 – 1.24416, potential rise towards the range of 1.25919 – 1.26412

Alternatives:

If there’s a breakthrough below the support area of 1.24697 – 1.24416, it might push GBPUSD down towards the area of 1.23824 – 1.23696

Resistance

• R1: 1.26412
• R2: 1.27054
• R3: 1.27554

Support

• S1: 1.24416
• S2: 1.23696
• S3: 1.22785

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