Technical analysis of GBP/USD 11/07/2024

The USD/JPY currency pair is in a downward correction on (1D).

The pair reached support at 1.2830 (50% Fibo) and is currently trading in the 1.2900 area.

If the pair manages to break through and consolidate below the 1.2830 (50% Fibo) area, this will mean the development of a downward correction with a target of 1.2740 (61.8% Fibo).

The nearest resistance level is in the 1.3000 (MA100).

Created by Joshua Hayn

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