Last Updated Date: 13 April 2022 @ 9:43 AM (UTC)
*Please note that all the dates are in GMT time zone
The GBPUSD market is bearish with pressing selloffs signaling a breakout under a 1.2960 weekly low. Sustained action under 1.2981 could open up a selling wave to 1.2838 and 1.2800. Corrective rebounds will likely struggle with the accelerating momentum of declines from the past several days. Only a close over 1.3091 (SAR) alerts for a sustained correction phase.
Resistance 2 1.3064
Resistance 1 1.3022
Support 1 1.2980
Support 2 1.2940