GBP/USD continues to face downward pressure, with the market holding support at 1.3000, as we mentioned last week.
Intraday levels show resistance around 1.3135, and as long as the market remains below this level, the downtrend is likely to persist. The 1.3000 support could prompt a rebound correction.
Above 1.3175, the market may advance to test 1.3260. Below 1.3000, further declines are expected, with supports at 1.2935 and 1.2850.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3000 | 1.3135 |
| LEVEL2 | 1.2935 | 1.3175 |
| LEVEL3 | 1.2850 | 1.3260 |
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The post GBP/USD – 07.10.2024 appeared first on Orbex Forex Trading Blog.
