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Forex Market Daily Technical Analysis of GBP/USD

Daily Pivot Point of GBP/USD Chart in 30M Time Frame is: 1.2540 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 1.2540 with first target at 1.2500 and second target at 1.2480 in extension as take profits.
forex-technical-analisys-pivot-points-chart-GBPUSD-2024-05-13-1232e.gif

Forex Daily Pivot Points and Market Situation:

Daily Pivot Point of GBP/USD Sybmol in 30M Time Frame Chart is: 1.2540 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: 1.2580
  • Resistance Level 2: 1.2560
  • Resistance Level 1: 1.2540

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

  • Support Level 1: 1.2500
  • Support Level 2: 1.2480
  • Support Level 3: 1.2450

Forex Trading Signals:

Our Preferred Senario is Short Positions (Sell) under 1.2540 with first target at 1.2500 and second target at 1.2480 in extension as take profits.

If the market moves in the opposite direction, Alternative Senario is Long Positions (Buy) above 1.2540 with first target at 1.2560 and second target at 1.2580 in extension as take profits

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

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