Forex Trading Library

GBP/USD – 11.07.2024

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The GBPUSD pair seems preparing for more advance while managing yesterday to obtain a daily close above the 1.2815 level.
As we see on the chart, the market is facing the first Intraday support around 1.2730. If prices hold above, then more advance to attack the resistance 1.2860-90 could be expected.
Above 1.2890 more of an advance toward 1.3000 and 1.3140 is likely.
Below 1.2730 more of a drop could hit the market with the support zone of 1.2610-25 which could give some chance for a rebound.

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

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