GBP/USD Daily Forecast Indicates Resumption of Uptrend

Thursday, 11 July 2024, 06:21
The GBP/USD currency pair broke above the key level of 1.2859, signaling a continuation of the upward movement from 1.2298. The intraday bias now favors further upside towards the 61.8% projection level at 1.2959. However, a dip below minor support at 1.2777 could shift the intraday bias to a neutral stance momentarily.
Actionforex
GBP/USD Daily Forecast Indicates Resumption of Uptrend

GBP/USD Daily Forecast

Key Points:

  • Break of 1.2859: Indicates resumption of the rise from 1.2298.
  • Intraday Bias: Favors further upside towards 1.2959.
  • On the downside: Break of 1.2777 could lead to neutral bias.

The GBP/USD pair's performance is closely tied to these critical levels, offering insights for traders and investors.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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