GBPUSD Technicals JULY WEEK 2
GBPUSD encountered sellers last week just below the 1.2670/80 resistance area.
I wrote about this trend line last week.
As of now, GBPUSD bulls need to secure a daily close above 1.2670 to send the pair higher toward the 1.2800 area.
Key support for the week comes in at 1.2530.
That’s likely a must-hold level. A daily close below it would signal weakness and expose the bottom of the ascending channel near 1.2360.
I wrote about this trend line last week.
As of now, GBPUSD bulls need to secure a daily close above 1.2670 to send the pair higher toward the 1.2800 area.
Key support for the week comes in at 1.2530.
That’s likely a must-hold level. A daily close below it would signal weakness and expose the bottom of the ascending channel near 1.2360.
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