GBPUSD Forex Analysis - Targeting A Break Below 1.2448 Monthly Support
Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD daily and 4-hour charts.
Price had formed a lower top and lower bottom on the daily chart and has tested the 1.2448 monthly support level.
1.2510-19 yesterday’s high and the 79% fib retracement level.
Watching for price to rally and fail at this intraday resistance area for a further decline targeting a break below the 1.2448 monthly support level.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
Daily Global Market Update
Dow Jones Set New High on Earnings Optimism
Pound Suppressed by Weak Inflation
GBP Market Update Insights on Recent Movements and Key Influences
Fall in Unemployment Supports Pound, But Concerns Grow
GBPUSD holds near September’s support zone after mixed jobs data
Daily Global Market Update
