GBP/USD – 21.10.2024

GBP/USD – 21.10.2024

GBPUSD hit a correction toward 1.3070 as the market still holds below the downtrend line which keeps the pressure on.

As long as the market holds below 1.3075, the bearish pressure could sustain toward the 1.2820-50 zone.

Above 1.3075, the market could have a chance for a further 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

Join our responsible trading community - Open your Orbex account now! 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss