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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 is dropped to the current rate of around $1.2188, reaching a new low for the week. At $1.2180 we expect a technical reaction as that level is the support level of the forex pair, but if it fails to hold above that level, then it could drop toward its next support level which is located at around $1.2050. 

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