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Mihai_Iacob
Jun 5, 2023 4:43 AM

GbpUsd- 1.24 is very important at this moment 

British Pound/U.S. DollarFXCM

Description

In my previous GbpUsd analysis, I've written that a break above 1.24 could lead to further gains to 1.2550 and even to 1.3 if 1.2550 will also fall.
However, Friday's NFP capped gains exactly to 1.2550, and a strong reversal followed almost negating the previous day's candle.
1.24 remains support for GbpUsd, but the pressure switched to the sell side.
A break under this level could lead to further losses and puts the important 1.2 psychological level in focus.
Comments
JoeChampion
good work
DeGRAM
Execellent chart analysis
Mihai_Iacob
@DeGRAM, thanks
FOREXN1
Well-researched analysis! Your expertise shines through.
Mihai_Iacob
@FOREXN1, thanks you
FirstNameHelen
Interesting analysis, appreciate your efforts
Mihai_Iacob
KABHI_FOREX_TRADING
great analysis bro
Mihai_Iacob
ArmanShabanTrading
Great trading style!
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