GBPUSD extends gains above 1,200 level
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Brian, greetings to all of you.
Currently, GBPUSD is taking advantage of the upward movement opportunity from a strong support level at 1.206. It can be observed that this currency pair is cooling down and gradually opening up more opportunities for price increases.
With the excellent indication from the Fibonacci, the next target is aimed at the resistance level of 1.226, which was formed from the previous breakout. Following that, it can be considered as a strong support level to propel further towards higher levels, as indicated by the Fibonacci analysis on the chart.
Currently, GBPUSD is taking advantage of the upward movement opportunity from a strong support level at 1.206. It can be observed that this currency pair is cooling down and gradually opening up more opportunities for price increases.
With the excellent indication from the Fibonacci, the next target is aimed at the resistance level of 1.226, which was formed from the previous breakout. Following that, it can be considered as a strong support level to propel further towards higher levels, as indicated by the Fibonacci analysis on the chart.
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good luck everyoneNote
The impressive US September jobs report initially boosted the US Dollar, but the gains were short-lived as it later reversed to the downside.Transaction en cours
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