GBPUSD Technical Analysis: bullish trading

American session, date: 6/27/2024

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 $1.2653. Prices are trading above most of the moving average intersections, which indicates the end of the downtrend and the beginning of the uptrend. The MACD indicator indicates the emergence of positive trend signals, which has enhanced the positive possibilities for the pair.

GBPUSD Technical Analysis

Trading strategies levels on Buy/Sell levels

GBPUSD In case of buying in case of selling
Entry point 1.2661 1.2615
Point 1 (TP1) First resistance: 1.2682 First support: 1.2604
Target Point 2 (TP2) Second resistance: 1.2700 Second support: 1.2590
Stop Loss (SL) 1.2615 1.2661



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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