boundaries

GBP/USD

Higher timeframes

After retesting the zone of influence of the monthly level (1.2760), the bears resumed the decline, closing the previous day below the daily support of 1.2641. The next important level on the path of the bears is 1.2577 (daily medium-term trend + weekly short-term trend). Breaking beyond the mentioned boundaries can strengthen the winner's sentiment and bring about new prospects.

August CPI Forecast: Modest Inflation Increase Expected Amidst Varied Price Trends

GBP/USD: Bears Regain Control, Eyeing Key Support Levels

InstaForex Analysis 29.06.2023 14:30

GBP/USD Higher timeframes After retesting the zone of influence of the monthly level (1.2760), the bears resumed the decline, closing the previous day below the daily support of 1.2641. The next important level on the path of the bears is 1.2577 (daily medium-term trend + weekly short-term trend). Breaking beyond the mentioned boundaries can strengthen the winner's sentiment and bring about new prospects.

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