GBP/USD – 12.08.2024

GBP/USD – 12.08.2024

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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