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Forex Market Daily Technical Analysis of GBP/USD

Daily Pivot Point of GBP/USD Chart in 30M Time Frame is: 1.2620 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 1.2620 with first target at 1.2540 and second target at 1.2500 in extension as take profits.
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Forex Daily Pivot Points and Market Situation:

Daily Pivot Point of GBP/USD Sybmol in 30M Time Frame Chart is: 1.2620 and Preferred situation is Bearish.

Forex Daily Support and Resistance Lines:

Technical analysis of GBP/USD: Resistance Lines of Day in 30M Time Frame:

  • Resistance Level 3: 1.2690
  • Resistance Level 2: 1.2655
  • Resistance Level 1: 1.2620

Technical analysis of GBP/USD: Support Lines of Day in 30M Time Frame:

  • Support Level 1: 1.2540
  • Support Level 2: 1.2500
  • Support Level 3: 1.2470

Forex Trading Signals:

Our Preferred Senario is Short Positions (Sell) under 1.2620 with first target at 1.2540 and second target at 1.2500 in extension as take profits.

If the market moves in the opposite direction, Alternative Senario is Long Positions (Buy) above 1.2620 with first target at 1.2655 and second target at 1.2690 in extension as take profits

Support and Resistance Levels and Pivot Points in Chart of GBP/USD

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