GBPUSD Forex Analysis for Today, Wednesday (3-1-2024)

GBPUSD Forex Analysis for Today, Wednesday (3-1-2024)

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


  • R1 1.2716
  • R2 1.2813


  • S1 1.2567
  • S2 1.2514

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