Forex Trading Library

GBP/USD – 16.10.2024

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If prices hold above the support of 1.3000, a rebound correction will be expected toward 1.3150-75 and above.

The market today hit a few pips below 1.3000 with UK CPI data before rebounding.

Below 1.3000 the market could head for a drop toward 1.2935 and 1.2820-50.

SUPPORT RESISTANCE
LEVEL1 1.3000 1.3100
LEVEL2 1.2935 1.3175
LEVEL3 1.2820-50 1.3260

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