Daily Technical Analysis Of GBPUSD - Tuesday, July 11

By AAATrade of AAATrade.com
Tuesday, July 11, 2023 9:40 AM EDT

Photo by Colin Watts on Unsplash 
 

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.

(Click on image to enlarge)

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

More By This Author:

Daily Technical Analysis Of EURUSD - Monday, July 10
Technical Analysis Of JPMorgan Chase & Co. - Monday, July 10
Daily Technical Analysis Of EURUSD - Friday, July 7

Disclaimer: We also offer CFD products. 70.91% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments