GBPUSD technical analysis

American session: 06/24/2024

Introduction and overview

This report provides a technical analysis of the GBPUSD pair, focusing on trading strategies based on resistance and support levels. The pair is currently trading at the level of $1.2662. Prices are trading above most of the moving average crossings, indicating strength in the uptrend. The MACD indicator indicates a positive trend, which enhances the positive possibilities for the pair.


Trading strategies based on buy/sell level

GBPUSD In case of buying in case of selling
trend Buy sell
Entry point 1.2675 1.2643
Target Point 1 (TP1) First resistance: 1.2695 First support: 1.2634
Target Point 2 (TP2) Second resistance: 1.2720 Second support: 1.2621
Stop Loss (SL) 1.2643 1.2675


These strategies depend on the price’s location relative to support and resistance levels and suggest the best ways to profit from price movements based on support and resistance indicators. Traders should carefully monitor these levels to identify appropriate opportunities to enter and exit the market, while maintaining appropriate risk management strategies to protect their investments

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