GBP/USD – 04.09.2024

GBP/USD – 04.09.2024

GBPUSD fell below the support of 1.3170 and prices now face a second support at 1.3050-70.

The market could hold this trading zone between support 1.3050-70 and resistance 1.3170

As long as the market holds above the support 1.3050-70, more advance will be expected with resistances at 1.3300 and 1.3480.

Below 1.3050, the market could head for a further drop where the first target will be toward 1.2820-50.

SUPPORT RESISTANCE
LEVEL1 1.3050-70 1.3130-70
LEVEL2 1.2820-50 1.3300
LEVEL3 1.2680 1.3480

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