GBPUSD Analysis for Today
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GBPUSD Correction, Bearish Sentiment Prevails
Analyzing GBPUSD – GBPUSD is undergoing a correction with a prevailing bearish bias affecting today’s movements.
Today’s Trading Strategy:
There’s a potential SELL opportunity for GBPUSD today as long as it doesn’t break above the range of 1.23011 – 1.23106, with the potential decline towards the area of 1.21952 – 1.21804.
Alternatively, a breakout above the resistance area of 1.23011 – 1.23106 could propel GBPUSD upward towards the range of 1.24147 – 1.24331.
Resistance Levels
- R1: 1.23106
- R2: 1.24332
- R3: 1.24479
Support Levels
- S1: 1.21804
- S2: 1.20858
- S3: 1.20653
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