GBPUSD Forex Analysis – Tuesday(02-01-2024)

GBPUSD Forex Analysis – Tuesday(02-01-2024)

GBPUSD Forex Analysis for Today

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Alert! Gap Down Opening, Potential Downtrend for GBPUSD

GBPUSD Analysis: Strengthening of the US dollar is putting pressure on GBPUSD. From the H1 timeframe chart, GBPUSD opened with a gap down, indicating the potential for further decline.

Today’s Trading Strategy:

  • SELL at Range 1.27467 – 1.27618
  • Target: 1.27280 – 1.26977
  • Alternative:
  • BUY STOP @1.27618
  • Target: 1.27770 – 1.27985

Resistance Levels

  • R1 1.27618
  • R2 1.27770
  • R3 1.27985

Support Levels

  • S1 1.27467
  • S2 1.27618
  • S3 1.27280
  • S4 1.26977

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

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