GBP/USD's Long Bullish Trend Faces Resistance with Channel Support
The GBP/USD is currently in the price accumulation phase where the pair is correcting for the second day. The long bullish trend faces a challenge from the resistance level at 1.2800. The down parallel of the channel is acting as support.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
1.2930 |
1.2800 |
1.2700 |
1.2630 |
1.2500 |
1.2400 |