GBPUSD managed to hit few pips above the resistance of 1.2540 but remained below that level.
The downtrend pressure is still ongoing while the market managed to hit 1.2300 and below.
Prices now face the first resistance around 1.2380, where as long as the market keeps holding below it, expect a further drop to test the 1.2185 second target.
Above 1.2380 more advance will be expected with resistance at 1.2540.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.2185 | 1.2380 |
| LEVEL2 | 1.2095 | 1.2540 |
| LEVEL3 | 1.2035 | 1.2600-20 |
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