GBP/USD – 11.10.2024

GBP/USD – 11.10.2024

GBP/USD moved quickly below 1.3060 yesterday but remains above the key support level of 1.3000.

As long as the market holds above 1.3000, a rebound correction is expected toward 1.3150-75.

However, a drop below 1.3000 could lead to further declines toward 1.2935 and the 1.2820-50 range.

 

SUPPORT RESISTANCE
LEVEL1 1.3000 1.3175
LEVEL2 1.2935 1.3260
LEVEL3 1.2820-50 1.3300

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