Forex Trading Library

GBP/USD –26.02.2025

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GBPUSD met the first target of 1.2600 and above.

As we see over the chart, prices still have a chance for farther advance as long as the market holds above the support of 1.2520, where a second target is at 1.2725.

Below 1.2520, more of a drop to test the 1.2420-30 support could hit the market which in turn could activate another advance.

The market managed to hit a 1.2690 high so far.

SUPPORT RESISTANCE
LEVEL1 1.2520 1.2725
LEVEL2 1.2420-30 1.2810
LEVEL3 1.2250 1.2950

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