Forex Trading Library

GBP/USD – 07.06.2024

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As mentioned last week, GBPUSD met the target of 1.2800, which then saw a correction move.

As we can see on the chart, if prices remain 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 1.2815
LEVEL2 1.2450 1.2890
LEVEL3 1.2330 1.3000

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