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GBPUSD Consolidation, Direction Still Upward

GBPUSD Analysis – The upward movement of GBPUSD has paused amidst the correction of the US dollar, yet the bias remains bullish.

Today’s Trading Strategy:

• Place BUY STOP @1.27355
• Target: 1.27687 – 1.27894
• Alternatives:
• SELL in the range of 1.27250 – 1.27355
• Target: 1.26117 – 1.25953

Resistance Levels:

• R1 1.27250
• R2 1.27355
• R3 1.27894

Support Levels:

• S1 1.26117
• S2 1.25953
• S3 1.25212

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