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

SUPPORT RESISTANCE
LEVEL1 1.2690 1.2780
LEVEL2 1.2610 1.2860
LEVEL3 1.2450 1.3000

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