Forex Trading Library

GBP/USD – 22.11.2024

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GBPUSD fell below the support of 1.2540-60 as the market is now signalling more drop toward 1.2445 and below.

As we see over the chart and as long as the market keeps holding below the 1.2580-1.2610 resistance, more of a drop toward 1.2300 will be expected.

Above 1.2610 the market could add more rebound toward 1.2715-65.

SUPPORT RESISTANCE
LEVEL1 1.2445 1.2580-1.2610
LEVEL2 1.2300 1.2715-65
LEVEL3 1.2150 1.2860

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