GBPUSD Forex Analysis for Today, Wednesday (3-1-2024)
Alert! Gap Down Opening Indicates Potential Decline in GBPUSD
GBPUSD Analysis – Strength in the US dollar is pressuring GBPUSD. On the H1 timeframe chart, GBPUSD opened with a gap down, signaling a potential further decline.
Today’s Trading Strategy:
- SELL at Area 1.2567
Target: 1.2514 - Alternatives:
BUY STOP 1.2716
Target: 1.2813
Resistance
- R1 1.2716
- R2 1.2813
Support
- S1 1.2567
- S2 1.2514
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