GPBUSD managed to meet the first target at 1.2640 and also managed to move a few pips below.
As seen on the chart and as we mentioned before, a rebound correction from this zone could hit the market before the Pound heads for a further drop toward 1.2450.
Below 1.2625, prices could sustain this drop toward 1.2450.
A daily close above 1.2815 could push prices toward the 1.3000 area.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.0625-40 | 1.2740 |
| LEVEL2 | 1.2450 | 1.2815 (Daily Close) |
| LEVEL3 | 1.2330 | 1.2890 |
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