Forex Trading Library

GBP/USD – 01.11.2024

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GBPUSD headed for a drop as prices still face a trend support around 1.2800-20.

This support zone could keep the chance for a rebound correction toward 1.3020-40 and 1.3150-75.

Below 1.2800 the risk for a further drop toward 1.2680 could hit the market.

 

SUPPORT RESISTANCE
LEVEL1 1.2800-20 1.2940
LEVEL2 1.2680 1.3040
LEVEL3 1.2550 1.3175

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