GBP/USD managed to pass above resistance at 1.3420, which could lead to a further advance inside the daily trading zone.
As long as the market keeps holding daily trades above 1.3400, the advance wave is likely to continue toward 1.3565 and 1.3675.
Below 1.3400 more of a drop is likely, with supports at 1.3270 and 1.3140-60.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 1.3400-20 | 1.3565 |
| LEVEL2 | 1.3270 | 1.3675 |
| LEVEL3 | 1.3140-80 | 1.3820 |