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GBPUSD Upward Trend, Focus on Support Zone
GBPUSD Analysis – Weakness in the US dollar is supporting the rise of GBPUSD. According to the H1 timeframe chart for GBPUSD, there’s a potential correction before resuming its upward movement.
Today’s Trading Strategy:
- BUY at Range 1.26739 – 1.26615
- Target: 1.26939 – 1.27155
- Alternatives:
- SELL STOP @1.26615
- Target: 1.26515 – 1.26415
Resistance Levels
- R1 1.26615
- R2 1.26515
- R3 1.26415
Support Levels
- S1 1.26739
- S2 1.26615
- S3 1.26939
- S4 1.27155
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