Bullish Momentum Accompanies GBPUSD, Seek Buying Opportunities
GBPUSD Analysis – The GBPUSD rally continues due to the weakening of the US dollar.
Today’s Trading Strategy:
Consider BUYING GBPUSD if it breaks above the range of 1.27116 – 1.27347, with potential gains towards the zone of 1.27574 – 1.27773.
Alternatives:
If the resistance zone of 1.27116 – 1.27347 fails to be breached, it may push GBPUSD downwards towards the range of 1.26117 – 1.25953.
Resistance Levels
- R1: 1.27347
- R2: 1.27773
- R3: 1.28054
Support Levels
- S1: 1.25953
- S2: 1.25212
- S3: 1.24415
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