Forex Trading Library

GBPUSD – 29.05.2024

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GBPUSD managed to meet the target of 1.2800, as we advised in the last few weeks.

As we see on the chart, should the market keep holding prices below 1.2800-15, a correction will be expected with supports at 1.2735 and 1.2640.

Above 1.2815, more advance will be likely where resistances are at 1.2890 and 1.3000.

SUPPORT RESISTANCE
LEVEL1 1.2735 1.2800-15
LEVEL2 1.2640 1.2890
LEVEL3 1.2450 1.3000

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