Technical alert: GBPUSD

  • Key support: 1.2940
  • Key resistance: 1.30

GBUSD struggles with key resistance at 1.30. In case of another failure to break above, one could expect a downward correction towards 1.2940. Green zone on the chart below is marked with 1:1 structure as well as previous price reactions. The bearish setup would be invalidated once candlestick on H1 interval closes above 1.30 handle. 

GBPUSD H1 interval. Source: xStation5

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