Forex Trading Library

GBP/USD – 03.07.2024

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As projected early this week and as we see on our previous chart, the GBPUSD pair still shows a chance for a rebound toward 1.2740-60, should prices remain above the 1.2610-25 support.

Below 1.2610, more of a drop will be expected towards 1.2450.

Above 1.2770, the market could advance to the second resistance around 1.2860.GBPUSD analysis indicates a possible rebound if support holds, with resistance levels to watch for further movement

LEVEL1 1.2610-25 1.2740-60
LEVEL2 1.2450 1.2860
LEVEL3 1.2330 1.3000

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