GBP/USD –06.01.2025

GBP/USD –06.01.2025

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

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