GBPUSD is still holding above the support zone of 1.2570-80, while the indicators are still showing an advance ongoing toward 1.2810 and above.
The market managed yesterday to hit a few pips below this support level and printed a 1.2562 low before rebounding.
Below 1.2570 more of a drop will be expected with supports at 1.2480 and 1.2300.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.2570 | 1.2720 |
LEVEL2 | 1.2480 | 1.2810 |
LEVEL3 | 1.2300 | 1.2925 |
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The post GBP/USD – 19.12.2024 appeared first on Orbex Forex Trading Blog.