Forex Trading Library

GBP/USD –12.05.2025

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GBPUSD broke below the support of 1.3200 today and could add more pressure towards 1.3030.

As we see over the chart, the market is facing resistance around 1.3220-60, where as long as the market holds below it, the downtrend pressure could sustain toward 1.3030.

Above 1.3260 more advance could hit the market with resistances around 1.3320 and 1.3400.

SUPPORT RESISTANCE
LEVEL1 1.3120 1.3220-60
LEVEL2 1.3030 1.3320
LEVEL3 1.2910 1.3400
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