GBP/USD

The selling zone for the GBP/USD pair is identified at 1.23854. Traders looking to enter short positions may consider placing their Stop Loss (SL) at 1.24492 to manage risk. For profit-taking, there are three Take Profit (TP) levels to consider. The first TP is set at 1.23704, followed by TP 2 at 1.23400, and TP 3 at 1.23200. This setup provides multiple opportunities for traders to capture potential downward movements in the exchange rate, with predefined levels to secure profits and limit losses."