GBPUSD also fell below the support 1.2900 where we predicted before and below this level more of a drop toward 1.2730-50 is expected.
Intraday resistance is at around 1.2940-55. If prices hold below it more of a drop to test 1.2730-50 is likely before another swing back toward 1.3050-70.
Above 1.2955 more advance toward 1.3050-70 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2730-50 | 1.2940-55 |
| LEVEL2 | 1.2580 | 1.3050-70 |
| LEVEL3 | 1.2450 | 1.3300 |
|
Join our responsible trading community - Open your Orbex account now! |