GBPUSD Analysis for Today – Tuesday (26-12-2023)
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GBPUSD Pullback, Potential Upside
Analysis of GBPUSD indicates a potential upward movement due to the weakening US dollar. On the H1 timeframe chart, GBPUSD experienced a pullback towards the support area, suggesting a potential upward movement today.
Today’s Trading Strategy:
- BUY in the Range of 1.27000 – 1.26800
- Target: 1.27400 – 1.27800
Alternative:
- SELL STOP @1.26600
- Target: 1.26400 – 1.26100
Resistance Levels
- R1: 1.26600
- R2: 1.26400
- R3: 1.26100
Support Levels
- S1: 1.27000
- S2: 1.26800
- S3: 1.27400
- S4: 1.27800
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