The GBPUSD pair has met our predicted target of 1.2800, which could cause a correction.
As we can see on the chart, if prices keep holding below 1.2800-15, a further drop will be expected, with supports laying at 1.2640 and 1.2450.
Above 1.2815, more advance will be expected with resistances at 1.2890 and 1.3000.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2640 | 1.2800-15 |
| LEVEL2 | 1.2450 | 1.2890 |
| LEVEL3 | 1.2330 | 1.3000 |
|
Join our responsible trading community - Open your Orbex account now! |