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Forex Market Daily Technical Analysis of GBP/USD

Daily Pivot Point of GBP/USD Chart in 30M Time Frame is: 1.2675 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 1.2675 with first target at 1.2720 and second target at 1.2740 in extension as take profits.
forex-technical-analisys-pivot-points-chart-GBPUSD-2024-05-20-7e013.gif

Forex Daily Pivot Points and Market Situation:

Daily Pivot Point of GBP/USD Sybmol in 30M Time Frame Chart is: 1.2675 and Preferred situation is Bullish.

Forex Daily Support and Resistance Lines:

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

  • Resistance Level 3: 1.2760
  • Resistance Level 2: 1.2740
  • Resistance Level 1: 1.2720

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

  • Support Level 1: 1.2675
  • Support Level 2: 1.2655
  • Support Level 3: 1.2640

Forex Trading Signals:

Our Preferred Senario is Long Positions (Buy) above 1.2675 with first target at 1.2720 and second target at 1.2740 in extension as take profits.

If the market moves in the opposite direction, Alternative Senario is Short Positions (Sell) under 1.2675 with first target at 1.2655 and second target at 1.2640 in extension as take profits

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

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