GBPUSD is still facing downtrend pressure as prices move toward 1.2450.
As we see on the Intraday chart, the market is facing resistance around 1.2840-70. If preice hold below it, the drop could sustain toward 1.2450.
Above 1.2870, the market could start to show strength for a further advance with resistances at 1.3050-70 and 1.3140.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2705 | 1.2840-70 |
| LEVEL2 | 1.2610 | 1.3050-70 |
| LEVEL3 | 1.2450 | 1.3140 |
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The post GBP/USD – 06.08.2024 appeared first on Orbex Forex Trading Blog.
