Daily Technical Analysis Of GBPUSD – Thursday, July 20

Jul 20, 2023 at 9:40 AM EDT

GBPUSD pair is currently traded at the rate of around $1.2917 and if it is able to hold it above the level of $1.29, then we could see it rising towards the resistance level at around $1.2950-1.2970.

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Spotlight on GBPUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

GBPUSD

Looking at GBPUSD’s chart, we can see that the GBP lost significant ground over USD, yesterday, after the announcement on the cooler UK’s CPI. It is currently traded at the rate of around $1.2917 and if it is able to hold it above the level of $1.29, then we could see it rising towards the resistance level at around $1.2950-1.2970, otherwise, it should fall towards its support level at around $1.2870.

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AAATrade's Daily Technical Analysis of GBPUSD – 20/07/2023

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