GBPUSD Analysis: Support and Resistance Strategy

- Trade Strategy: Support and Resistance
- Support Level: 1.2595
- Resistance Level: 1.2656
- Potential Profit: 61 pips

Analysis:

- Support Level: Identified at 1.2595
- Resistance Level: Seen at 1.2656
- Strategy: Utilizing support and resistance levels for trading opportunities

Trade Plan:

- Buy Opportunity: Upon bounce off the support level at 1.2595
- Sell Opportunity: Near the resistance level at 1.2656
- Potential Profit: Targeting 61 pips based on support and resistance strategy

Your Thoughts?
What are your thoughts on utilizing support and resistance levels for trading? Share your insights and trade plans in the comments below!

👍 Like if you agree that support and resistance strategy can be profitable! Remember to conduct your own analysis and trade responsibly. Trading involves risks.