Forex Trading Library

GBP/USD – 05.06.2024

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As predicted in the previous weekly chart, the GBPUSD pair managed to meet the target of 1.2800, which caused a correction.

On the chart, if prices remain below 1.2800-15, a further drop is expected, with supports waiting at 1.2640 and 1.2450,

Above 1.2815, more advance is likely with resistances at 1.2890 and 1.3000.

SUPPORT RESISTANCE
LEVEL1 1.2640 1.2815
LEVEL2 1.2450 1.2890
LEVEL3 1.2330 1.3000

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