GBP/USD displays a triangle formation on the daily chart, with prices consolidating between 1.3140-80 support and 1.3505-55 resistance.
We still hold our previous projection for GBPUSD.
As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance.
Below 1.3140 more of a drop is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.3280 | 1.3505-55 |
LEVEL2 | 1.3160 | 1.3655 |
LEVEL3 | 1.3010 | 1.3780 |
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