GBPUSD still facing downtrend pressure with prices moving toward the 1.2450 target.
As we see on the Intraday chart, the market is facing resistance around 1.2840-70. If prices remain below it, then a drop could sustain toward 1.2450.
Above 1.2870 prices could start to show strength and signal for more advance with resistances at 1.3050-70 and 1.3140.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.2705 | 1.2840-70 |
LEVEL2 | 1.2610 | 1.3050-70 |
LEVEL3 | 1.2450 | 1.3140 |
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