GBP/USD –20.12.2024

GBP/USD –20.12.2024

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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