GBPUSD advanced above the 1.2870 resistance which could move higher as previously stated.
As we see on the chart, prices face supports around 1.2870 and 1.2800 and if process remain above one of those supports, more advance will be expected toward the 1.3050-70 zone.
Below 1.2800 more of a drop toward 1.2705 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2870 | 1.2940 |
| LEVEL2 | 1.2800 | 1.3050-70 |
| LEVEL3 | 1.2705 | 1.3150 |
|
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The post GBP/USD – 16.08.2024 appeared first on Orbex Forex Trading Blog.
