Forex Trading Library

GBP/USD – 13.11.2024

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GBPUSD fell below 1.2790 yesterday and below this level more of a drop could hit the market toward 1.2665.

As we see on the chart, prices now face the resistance zone around 1.2840-60. If prices hold below, more of a drop toward 1.2615-65 will be expected which in turn could push for a rebound.

Above 1.2860 more advance toward 1.3010-30 could hit the market.

SUPPORT RESISTANCE
LEVEL1 1.2665 1.2790
LEVEL2 1.2615 1.2840-60
LEVEL3 1.2550-60 1.3010-30
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