Forex Trading Library

GBP/USD –07.02.2025

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As we advised before and as we see over our previous chart

GBPUSD managed to advance above 1.2470 resistance which may be the sign of more advance on the way

As we see over the chart , market facing supports around 1.2360-80 and 1.2250-90 where as long as market keep holding trades above one of those supports more advance toward 1.2575-12610 and 12810 will e expected

Below 1.2250 more drop toward 1.2160 and below may hit the market

SUPPORT RESISTANCE
LEVEL1 1.2360-80 1.2470
LEVEL2 1.2250-90 1.2575-1.2610
LEVEL3 1.2160 1.2810

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