1.23511 proved to be a strong resistance level.
Price touched it, and it fell down.
We tested it again yesterday only for a moment before dropping down to wipe away the bullish move of Tuesday.
Let’s look at where next price will go to along the price levels of this week.
GBPUSD forecast for today.
If yesterday’s move was a mere correction, then we may head to 1.23982 and 1.24824 resistance levels.
Sellers still have their eyes on the ball, hoping to move price to 1.20938, 1.20418, 1.20048, 1.19576 support levels.
That’s it for today.
I would love to hear your thoughts on these forecasts – are they relevant or not?
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