Forex Trading Library

GBP/USD –20.12.2024

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GBPUSD managed to break below the support of 1.2570 and met the target of 1.2480.
As we see over the Intraday chart, the market is facing support around the 1.2440-80 zone which could provide a rebound correction towards the 1.2560 and 1.2600 levels.
Below 1.2440 more of a drop toward 1.2300 will be expected.

SUPPORT RESISTANCE
LEVEL1 1.2440-80 1.2560
LEVEL2 1.2300 1.2610
LEVEL3 1.2185 1.2665

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