GBPUSD is navigating a downtrend channel between key support at 1.3370 and resistance at 1.3500.
GBPUSD seems building a downtrend channel where market support is around 1.3370 and resistance at 1.3500.
As we see over the chart, the market could hold this trading channel.
Below 1.3370 more of a drop toward 1.3280 is likely.
Above 1.3500 more advance toward 1.3675 is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.3370 | 1.3500 |
LEVEL2 | 1.3280 | 1.3565 |
LEVEL3 | 1.3140 | 1.3675 |
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