Forex Trading Library

GBP/USD – 06.08.2024

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GBPUSD is still facing downtrend pressure as prices move toward 1.2450.

As we see on the Intraday chart, the market is facing resistance around 1.2840-70. If preice hold below it, the drop could sustain toward 1.2450.

Above 1.2870, the market could start to show strength for a further 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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