Forex Trading Library

GBP/USD –18.07.2025

By Rami Abu-Draa Last updated Jul 18, 2025

GBPUSD dropped to hit the target of 1.3400 and fell further.
As we see over the chart, the market is starting to show chances for a rebound starting from 1.3425, while as long as prices keep holding above 1.3370 the advance wave will be ongoing.

Below 1.3370 more of a drop toward 1.3175 could hit the market.

	SUPPORT	RESISTANCE
LEVEL1	1.3370	1.3465
LEVEL2	1.3140-75	1.3585
LEVEL3	1.3060	1.3680

Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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