Weekly technical analysis of GBP-USD

The GBP pair is trading within a cross zone between the levels of 1.2240 and 1.2470, that is, a breakout of the price for these two levels, both up and down.

If the price rises and the daily closes above the level of 1.2470, it will be the destination for the first major selling point at 1.2770 and 1.2980.

In the event of a price drop, we will wait at the main buying point at 1.1470

The general trend: casual trading between the aforementioned levels


 

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