Forex Trading Library

GBP/USD – 19.12.2024

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GBPUSD is still holding above the support zone of 1.2570-80, while the indicators are still showing an advance ongoing toward 1.2810 and above.

The market managed yesterday to hit a few pips below this support level and printed a 1.2562 low before rebounding.

Below 1.2570 more of a drop will be expected with supports at 1.2480 and 1.2300.

SUPPORT RESISTANCE
LEVEL1 1.2570 1.2720
LEVEL2 1.2480 1.2810
LEVEL3 1.2300 1.2925

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