GBPUSD Forex Analysis – Wednesday(27-12-2023)

GBPUSD Forex Analysis – Wednesday(27-12-2023)

GBPUSD Forex Analysis for Today, Wednesday (27-12-2023)

Bullish Sentiment Surrounding GBPUSD, Look for Buying Signals

Analysis of GBPUSD – Weakness in the US dollar supports the rise of GBPUSD. From the H1 timeframe chart, GBPUSD has the potential for a correction before moving upwards.

Today’s Trading Strategy:

  • BUY in the Range 1.27118 – 1.26769
  • Target: 1.27430 – 1.27600
  • Alternatives:
  • SELL STOP @1.26769
  • Target: 1.26613 – 1.26391

Resistance Levels

  • R1 1.26769
  • R2 1.26613
  • R3 1.26391

Support Levels

  • S1 1.27118
  • S2 1.26769
  • S3 1.27430
  • S4 1.27600

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. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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