GBPUSD managed to sustain an advance and managed last week to break above the 1.2890 resistance.
As we see on the chart, the market is facing the first Intraday support around 1.2900. If prices hold above it, more of an advance could hit the market with resistances at 1.3140 and 1.3300.
Below 1.2900 more of a drop could hit the market with the second support at 1.2730 which could re-activate the advance wave again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2990 | 1.3140 |
| LEVEL2 | 1.2900 | 1.3300 |
| LEVEL3 | 1.2730 | 1.3740 |
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The post GBP/USD – 17.07.2024 appeared first on Orbex Forex Trading Blog.
