
GBPUSD moved below 1.3360 with a fast drop which could lead to a further downturn.
As we see over the Intraday chart, the market is facing a resistance zone around 1.3430-50. If prices remain below it, more of a drop toward 1.3200-20 or 1.3140-60 could hit the market, which in turn could activate a rebound towards 1.3300 and above.
Above 1.3450 the market could restore some strength for further advance with resistance at 1.3560-90.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.3340 | 1.3430-50 |
LEVEL2 | 1.3200-20 | 1.3560-90 |
LEVEL3 | 1.3140 | 1.3745 |
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