GBPUSD Forex Evaluation for Today

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GBPUSD Retraction, Purchase on Decline

GBPUSD Analysis – The weakening of the British Pound is pressuring the movement of GBPUSD, currently undergoing a correction within the Fibonacci area. There’s potential for a possible upward reversal.

Today’s Trading Strategy:

• BUY within the Range of 1.26813 – 1.26122
• Target: 1.27241 – 1.27932
• Alternative:
• SELL STOP @1.26122
• Target: 1.25630 – 1.25003

Resistance Levels

• R1 1.26122
• R2 1.25630
• R3 1.25003

Support Levels

• S1 1.26813
• S2 1.26122
• S3 1.27241
• S4 1.27932

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