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
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