We look to our previous outlook for the last few weeks as the GBPUSD managed to test the support of 1.2900 last week and held above.
As we see over the chart the market is facing the first Intraday support around 1.2900. If prices hold above it, more 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 laying at 1.2730 which could re-activate the advance wave again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2900 | 1.3040 |
| LEVEL2 | 1.2730 | 1.3140 |
| LEVEL3 | 1.2610 | 1.3300 |
|
Join our responsible trading community - Open your Orbex account now! |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
