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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 FX pair has been in a downtrend in the past month, and it is currently traded at the rate of around $1.2336. Today, the USD should be expected to continue getting stronger, so the forex pair should test the support level at around $1.23-1.2310. If it manages to stay afloat, then an upward reaction should be expected, towards the resistance level of around $1.2380, otherwise it could drop towards the next support level at around $1.2275.  

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