Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: support waiting for bears
GBP/USD: support waiting for bears

Bulls found a resistance at 1.2438, so the price is consolidating. In this case, the pair is likely going to test the nearest support.

GBP/USD:
GBP/USD: "Double Top" led to massive decline

The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.

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