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GBP/USD

GBP/USD

The GBPUSD chart failed to rise above the 1.39 level and the closing price dropped. Today, investors in the pound will pay attention to the UK service sector PMI reporting. It is expected that the numbers will not change from the previous time. According to the technical analysis, there is still a chance that GBPUSD will drop at a fairly deep level, the RSI indicator is ready to move further downward, with prices likely to run down to 1.3786 and 1.3761, with resistance at 1.3868 and 1.3893, EMA 50/100 is still pressing to continue the downtrend.
TODAY'S TRADING STRATEGY:

Sell ​​if there is bearish signal confirmation in the 1.38432-1.37974 area.

The potential target is in the range 1.37690-1.137231.
Sell ​​if the support at 1.37231 breaks validly.

The potential target is in the range 1.36980-1.36730.

Alternative:

Buy if there is a bullish signal confirmation before the resistance at 1.37974 breaks.

The potential target is in the range 1.38432-1.38716.
Buy if the resistance at 1.38432 breaks validly.

The potential target is in the range 1.38716-1.39175.
.
Support / Resistance Today:
R1: 1.37974
R2: 1.38432
R3: 1.39175
S1: 1.37231
S2: 1.36774
S3: 1.36487
Always remember and understand your risk and money management before making a Trades! Keep Your Trading Safe and Have a Good Trade!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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