GBP/USD – 12.07.2024

GBP/USD – 12.07.2024

GBPUSD managed to sustain an advance as predicted before and managed yesterday to break above the 1.2890 resistance.

As we see on the chart, the market is facing the first Intraday support around 1.2900, where if prices hold above it, more of an advance could hit the market with resistances at 1.3140 and 1.3300.

Below 1.2900, more of a drop could hit the market with the second support at 1.2730 which could re-activate the advance wave again.

SUPPORT RESISTANCE
LEVEL1 1.2900 1.3000
LEVEL2 1.2730 1.3140
LEVEL3 1.2610-25 1.3300

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