GBPUSD trading strategy today
The technical analysis of the Pound to US Dollar (GBP/USD) pairing adds another layer to the narrative. The currency pair is currently approaching a critical support level at $1.265, representing a potential pullback point. This level aligns with a confluence of Fibonacci levels, including the 50.0% retracement and the 61.8% projection levels. This confluence could act as a substantial support zone, providing a platform for a potential bounce-back.
For traders eyeing potential entry points, the advised buy entry is at $1.265, with this level considered a pullback support bolstered by Fibonacci confluence. Setting a strategic stop loss at $1.26000, just below the pullback support and the 61.8% Fibonacci retracement level, aims to mitigate potential downside risks. In terms of potential gains, the take profit level is set at $1.2800 which aligns with a pullback resistance.
For traders eyeing potential entry points, the advised buy entry is at $1.265, with this level considered a pullback support bolstered by Fibonacci confluence. Setting a strategic stop loss at $1.26000, just below the pullback support and the 61.8% Fibonacci retracement level, aims to mitigate potential downside risks. In terms of potential gains, the take profit level is set at $1.2800 which aligns with a pullback resistance.
Comment:
GBPUSD BUY 1.2630-1.2620
TP: 1.2660
SL: 1.2600
Hit tp 2entry + 70pips
TP: 1.2660
SL: 1.2600
Hit tp 2entry + 70pips
Comment:
💵GBPJPY BUY NOW 180.70💵
✔️TP1 180.90
✔️TP2 181.20
❌SL 180.30
✔️TP1 180.90
✔️TP2 181.20
❌SL 180.30
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TP: 1.2660
SL: 1.2600