At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX market. Based on our technical analysis, we're recommending a Sell position for traders.
Our analysis indicates that GBPUSD sustains below the crucial level of 1.24585, it's likely move down to 1.24200 to 1.23900. As inside candle is formed on. These levels represent significant resistance areas that, if broken, could trigger a strong bearish trend. We recommend that traders maintain a stop loss of around 1.24858.
It's important to stay informed about the latest news and events that may affect the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can all play a role in the price movements of GBPUSD.
The momentum can change during any event or news which can drive it, so this level will get updated in the channel from time to time so stay updated in the channel for more recent trends and analysis of Gold and its trading move.
Wish you all a very Good day Thanks Team_Professor