this pail will go lower again especially the fed reserve will continue to raise rates to 4.5% and index will go lower from the highest resistance at 114 then the index will go higher again as the recession will continue so the strongest Resistance here at 1.2444 after fed continue raise rate the pair decline almost 319 pips almost 2.5% in only 2 days, we will continue to decline to the first support at level between (1.1400-1.1600) then after breaking the pervious support we will go to the strongest support at level between (1.0430-1.0700)
Is the 1.21400 support zone strong enough to push the GBP USD pair to the 1.2500 area? A break of 121400 support will retest the 19500 support area. RSI 14; Factors are still there for a rise in the 4H time frame.This is my opinion. Thanks for sharing with us.