The GBPUSD pair is now trading just above the 1.2723 key support level. As long as the pair stays above 1.2723 on a four hourly basis, the sterling may gain more value versus the US Dollar. At this point, we will see the resistance level at 1.2807. In contrast, if the pair drops below 1.2723, the next daily support level will be at 1.2668.
Support : 1.2723 - 1.2667 - 1.2606
Resistance : 1.2807 - 1.2871 - 1.2931
12 Jun 19 (Wed)
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