Forex Trading Library

GBP/USD – 05.11.2024

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ِAs we advised last week and as we see over our previous chart

GBPUSD managed to head for farther drop movement while market still facing trend support around 1.2800-20 zone

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

Below 1.2800 the risk for farther drop movement toward 1.2680 may 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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