GBP/USD – 26.07.2024

GBP/USD – 26.07.2024

The GBPUSD pair also fell below the support 1.2900 where we predicted before and below this level more of a drop toward 1.2730 could hit the market.
Intraday resistance is at 1.2940-55 where as long as the market holds below it then a test at 1.2730-50 could occur before another swing back toward 1.3050-70.
Above 1.2955 more advance toward 1.3050-70 is likely.

SUPPORT RESISTANCE
LEVEL1 1.2850 1.2940-55
LEVEL2 1.2730-50 1.3050-70
LEVEL3 1.2580 1.3300

Join our responsible trading community - Open your Orbex account now! 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss