GBPUSD managed to break above resistance 1.3360 to hit the target 1.3440.
As we from the chart, the market is facing a support zone around 1.3315-30, where as long as prices keep holding above it, the advance wave could expand towards 1.3635.
Below 1.3315 more of a drop could hit the market with the support of 1.3140 keeping the chance for the advance wave to back again to control the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3315-30 | 1.3465 |
| LEVEL2 | 1.3250 | 1.3635 |
| LEVEL3 | 1.3140 | 1.3760 |
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The post GBP/USD –21.05.2025 appeared first on Orbex Forex Trading Blog.