Forex Trading Library

GBP/USD – 04.07.2024

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As projected earlier this week, the GBPUSD pair hit a rebound towards the target of  the1.2740-60 zone.

The resistance trend zone at 1.2740-60 could push for a drop as seen on our previous chart, with supports laying at 1.2690 and 1.2610.

Below 1.2610 more of a drop will be expected with the target being toward 1.2450.

Above 1.2780, prices could add more advance with resistances at around 1.2860-95 and 1.3000.Explore GBPUSD analysis with insights on recent rebounds and key support levels, guiding potential movements in the current market environment

LEVEL1 1.2690 1.2780
LEVEL2 1.2610 1.2860
LEVEL3 1.2450 1.3000

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