Technical analysis of GBP/USD 04/05/2024

The GBP/USD currency pair at (1D) is trading in a sideways trend corridor.

Currently the price is at 1.2630 (MA100), (MA200).

Support 1.2520.

Resistance 1.2890.

If support is broken, the next target will be the 1.2050 level area.

If resistance is broken, the next target will be the level area of 1.3140 (high 2023).


Created by Joshua Hayn

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