Daily Technical Analysis Of GBPUSD – Tuesday, July 25

Jul 25, 2023 at 9:40 AM EDT

Looking at GBPUSD’s chart, we can see that the GBP lost significant ground over USD in the past few days.

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 in the past few days, and it is currently traded around 15-20 pips above the support level at the rate of around $1.2845. Today, if it manages to hold it above the support level of $1.2825-1.2830, then we could expect it to rise further towards the resistance level at around $1.2880, otherwise, it should re-test the level of $1.28.

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AAATrade's Daily Technical Analysis of GBPUSD – 25/07/2023

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