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.

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GBPUSD

Looking at GBPUSD’s chart, we can see that USD gained significant ground over GBP in the past week, traded at the current rate of around $1.2828. Today, if it holds the rate above the support level of $1.2820, then we should see it rising towards the resistance level at around $1.2875, and if it is not able to break through it, then it could approach the next resistance level at around $1.2930. On the other hand, if the rate drops below the level of $1.28, then we should see it testing the next support level at around $1.2770.

AAATrade Market Research Department.

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