The GBPUSD has continued its corrective transfer higher and at the moment trades at 1.2300.
That takes value nearer to the swing low from the tip of May close to 1.2308, and additionally the damaged 61.8% retracement of the 2023 buying and selling vary at 1.23142.
I might anticipate that if the sellers are to stay in management, they might defend that space as resistance (lean in opposition to the realm with a cease above). If merchants maintain in opposition to the realm, merchants will look back toward the low for the day at 1.2227 and the swing low going back to March 24 at 1.21877.
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