Daily Technical Analysis Of GBPUSD – Tuesday, May 9

By AAATrade of aaatrade.com

Tuesday, May 9, 2023 9:40 AM EST

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 Forex pair is traded at the rate of around $1.2613, down from the year’s high of around $1.2670. Today, if it keeps being corrected, then it should test the support level at around $1.2580 and if it is not able to stay afloat, then it could drop towards the next support level at around $1.2550.

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AAATrade's Daily Technical Analysis of GBPUSD – 08/05/2023

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