GBP/USD – 12.08.2024
![GBP/USD – 12.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/12152255/GBPUSD-12.08.2024-750x430.png)
GBPUSD is still facing downtrend pressure as the market signals a move towards the 1.2450 target.
As we see on the Intraday chart, prices face the resistance zone around 1.2840-70 as below it, the downward pressure could sustain toward 1.2450.
Above 1.2870 the market could start to show strength for an advance with resistances at 1.3050-70 and 1.3140.
The first Intraday resistance is at 1.2780.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.2610 | 1.2780 |
LEVEL2 | 1.2450 | 1.2870 |
LEVEL3 | 1.2300 | 1.3050-70 |
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