GBPUSD still holding above the support of 1.3170 which was tested in the last two days.
If the market holding above 1.3170, more advance will be expected with resistances at 1.3300 and 1.3480.
Below 1.3170 more of a drop to test second support 1.3050-70 is likely, which in turn could push for another advance toward 1.3300.
Below 1.3050 the market could head for a drop with the first target towards 1.2820-50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3050-70 | 1.3170 |
| LEVEL2 | 1.2820-50 | 1.3300 |
| LEVEL3 | 1.2680 | 1.3480 |
|
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The post GBP/USD – 02.09.2024 appeared first on Orbex Forex Trading Blog.
