GBPUSD, look for 1.2497 level to act as support before buying

17 Nis 2020

According to marketkolor.com, Support and Resistance levels are natural turning points used to determine corrections. GBPUSD has sustained multiple closes below it’s 1.2497 Support/Resistance level. This level should now act as new resistance to the price action. Look for continuity to the downside but be careful of a subsequent break of this new resistance level to the upside. Use this as a buy signal.