GBPUSD Analysis: Support and Resistance Trade Setup

Trade Strategy: Support and Resistance

Key Levels:
- Support at 1.2435 (1-hourly chart)
- Resistance at 1.2534 (1-hourly chart)

Analysis:
- Importance: Utilizes support and resistance levels for trading opportunities

Trade Plan:
- Buying Opportunity: Look for buy entries near support at 1.2435

- Shorting Opportunity: Consider shorting near resistance at 1.2534

Insights:
GBPUSD presents support and resistance trading opportunities on the 1-hourly chart. Traders can consider buying near support and shorting near resistance levels for potential profits.

📈📉 Stay alert for trading opportunities based on support and resistance levels in GBPUSD!