Forex Trading Library

GBP/USD – 18.10.2024

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GBPUSD fell below the 1.3000 support level which could push for a further drop.
As we see over the chart, Intraday levels show resistance around 1.3075. If prices remain below it, then the downtrend pressure could sustain toward 1.2820-50.
The market managed today to test 1.3071.
Above 1.3075 prices could have a chance for a rebound toward the 1.3150-75 zone.

SUPPORT RESISTANCE
LEVEL1 1.2935 1.3075
LEVEL2 1.2820 1.3150-75
LEVEL3 1.2750 1.3260

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