The GBPUSD market is suggesting a short term turnover and could drag trade down along 1.2180. The market is short/medium term bearish and today’s break leaves trade poised for follow through selloffs. A close under 1.2180 warns for a wash towards the 1.2075 May 2020 low. Only a close over 1.2400 (SAR) stops the downturn.
Resistance 2 1.2311
Resistance 1 1.2269
Support 1 1.2225
Support 2 1.2180
Last Updated Date: 12 May 2022 @ 6:16 AM (UTC)
*Please note that all the dates are in GMT time zone
