GBP/USD OPPORTUNITY

The forex ticker GBP/USD shows the value of the British Pound in relation to the US Dollar. It informs merchants how many US Dollars are required to purchase one British Pound. The Pound-Dollar is one of the world's oldest and most popular currency pairs.

Looking at 4Hour/daily charts of GBP/USD, the current trend is moving in an upward movement looking to turn around the 1.41403 price to the downside.

Support areas: 1.40330, 1.39100, 1.37460

Resistance area: 1.41403

An anticipation the price going towards 1.37050 if ever it breaks the support areas highlighted in the analysis below:

Therefore look for selling opportunities!!! This is high probability trade and could be a perfect swing opportunity for swing traders.

Do remember to always apply good risk management because GBP/USD is a high volatility pair as it is one of the major pairs in the forex market.

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