Daily Technical Analysis Of GBPUSD - Tuesday, July 11

By AAATrade of AAATrade.com

Tuesday, July 11, 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 GBP has been gaining ground over USD in the past month and the FX pair is currently traded at the rate of $1.2903, which is the highest rate for the year. Today, we could expect a further increase, but a correction towards the support level at the rate of $1.2830 should also occur.

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AAATrade's Daily Technical Analysis of GBPUSD – 11/07/2023

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