GBPUSD Daily Forecast Jul 14 2020

Pound dollar 9868556 9

GBPUSD: Sees Pullback Threats…

The GBPUSD remains on a pullback mode as long as 1.2685 resistance holds on a daily closing, and further downside couldn’t be ruled out. Support comes at 1.2520 levels. A halt is likely, it may consolidate around this level. Anyway; below 1.2520 aims the 1.2459 level, further down, support comes in the 1.2397 levels…

On the upside, resistance comes at 1.2595 level ahead of 1.2685 (main). Above 1.2585 will restore the upside momentum and pave the way to the 1.2795 level, the next resistance comes in the 1.2870 level.

In conclusion: theĀ  GBPUSD sees corrective pullback threats below 1.2685

Support: 1.2520, 1.2459, 1.2397, 1.2255, 1.2180

Resistance: 1.2595, 1.2685, 1.2795, 1.2870, 1.2960

GBPUSD Daily Forecast Jul 14 2020Key data/events which may affect GBPUSD today:
  • U.S Core CPI (MoM) (Jun) at 12:30 GMT.