GBPUSD Daily Forecast Mar 10 2020

Pound - dollar -659856565

GBPUSD: Faces Corrective Pullback Threats…

As long as 1.3210/1.3117 resistance holds on a daily closing basis. The GBPUSD sees pullback threats and further down couldn’t be ruled out. Support comes at 1.3035 level ahead of the 1.2945 level. A halt is likely, it may consolidate around here before the next move. However; below 1.2945 aims 1.2843 level, further down, support comes 1.2705 level.

On the upside, resistance comes at 1.3117 level ahead of 1.3210 level (main). Above 1.3210 will restore the upside momentum and aim 1.3275 level.

In conclusion: The GBPUSD sees fall threats below 1.3210/1.3117 levels.

Support: 1.3035, 1.2945, 1.2843, 1.2750

Resistance: 1.3117, 1.3210, 1.3275, 1.3355

GBPUSD Daily Forecast Mar 10 2020