GBPUSD headed for a drop as prices still face a trend support around 1.2800-20.
This support zone could keep the chance for a rebound correction toward 1.3020-40 and 1.3150-75.
Below 1.2800 the risk for a further drop toward 1.2680 could hit the market.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.2800-20 | 1.2940 |
LEVEL2 | 1.2680 | 1.3040 |
LEVEL3 | 1.2550 | 1.3175 |
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The post GBP/USD – 01.11.2024 appeared first on Orbex Forex Trading Blog.