Forex Trading Library

GBP/USD – 08.07.2024

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The GBPUSD pair seems preparing for further advance at the daily close above the 1.2815 zone.

As we see on the chart, the market is facing the first intraday support around 1.2730. If prices hold above this area, more advance to attack the resistance of 1.2860-90 could be expected.

Below 1.2730, more of a drop could hit the market with support zone 1.2610-25 which could give a chance for a correction.

LEVEL1 1.2730 1.2860-90
LEVEL2 1.2610-25 1.3000
LEVEL3 1.2450 1.3140

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