GBPUSD Forex Analysis – Tuesday (12-12-2023)

GBPUSD Forex Analysis – Tuesday (12-12-2023)

GBPUSD Analysis for Today – Tuesday (12-12-2023)

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GBPUSD Under Bearish Pressure

GBPUSD Analysis – The renewed strength of the US dollar is once again pressuring the movement of GBPUSD. The current price is within the Fibonacci area.

Today’s Trading Strategy:

  • SELL in the Range of 1.25444 – 1.25709
  • Target: 1.25280 – 1.25015
  • Alternative:
    • BUY STOP @1.25709
    • Target: 1.25898 – 1.26139

Resistance Levels

  • R1 1.25709
  • R2 1.25898
  • R3 1.26139

Support Levels

  • S1 1.25444
  • S2 1.25709
  • S3 1.25280
  • S4 1.25015
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