GBPUSD Trading strategies based on Buy/Sell levels
GBPUSD | In case of buying | in case of selling |
Entry point | 1.2930 | 1.2905 |
Point 1 (TP1) | First resistance: 1.2955 | First support: 1.2880 |
Target Point 2 (TP2) | Second resistance: 1.2980 | Second support: 1.2850 |
Stop Loss (SL) | 1.2910 | 1.2940 |
Conclusion
Based on current technical analysis, traders are advised to carefully monitor the mentioned support and resistance levels. A break of any of these levels may determine the future direction of the pair. You should also pay attention to other technical indicators and market updates to make the best trading decisions.