GBP/USD Faces Downward Pressure as Dollar Strengthens
The GBP/USD has dropped as the value of the dollar continues to rise. The pair is close to the lower boundary of the bullish long channel. If it breaks down further, it may lead to more selling, while a potential rebound could push prices toward the 1.2800 resistance level.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
1.3050 |
1.2930 |
1.2800 |
1.2630 |
1.2500 |
1.2400 |