GBPUSD also dropped and is now closing to the support zone 1.3050-70.
As long as the market holds above 1.3050-70 a chance for another advance toward 1.3300 and 1.3480 is still valid.
Below 1.3050 the market could head for a drop to the second support trend around 1.2820-50, which in turn could activate a correction movement.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3050-70 | 1.3300 |
| LEVEL2 | 1.2820-50 | 1.3480 |
| LEVEL3 | 1.2550 | 1.3650 |
|
Join our responsible trading community - Open your Orbex account now! |