GBPUSD - We look to Buy at 1.2248

Pia-first Team PIA-first

GBPUSD - We look to Buy at 1.2248 (stop at 1.2208).

GBPUSD - Broken out of the channel formation to the upside. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1.2324. Trend line support is located at 1.2246. Bespoke support is located at 1.2248. Preferred trade is to buy on dips. Our profit targets will be 1.2265 and 1.2388.

Interested in GBPUSD technicals? Check out the key levels

1. R3 1.2508
2. R2 1.2417
3. R1 1.2358
PP 1.2267
1. S1 1.2208
2. S2 1.2117
3. S3 1.2058

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Pia-first Team

PIA-first

Our analysis service is provided by 4 market professionals who have between them spent 85 years in investment bank and professional firm dealing rooms as traders, salesmen and analysts.

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