British Pound managed to break below 1.2440 last week while failed so far to met target 1.2300
As we see over the chart market back to test downtrend resistances levels which laying at 1.2490 and 1.2540
As long as market keep holding trades below one of those resistances the downtrend pressure will sustain toward 1.2300 and 1.2185
Above 1.2540 market will start to gin more strength which may provide advance to attack resistance 1.2600-20 zone
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2385 | 1.2490 |
| LEVEL2 | 1.2300 | 1.2540 |
| LEVEL3 | 1.2185 | 1.2620 |
Join our responsible trading community - Open your Orbex account now!
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
