GBP/USD technical analysis

23 Apr 2020 03:08 PM

The pair succeeded in reaching a target of $1.2250, as mentioned in yesterday’s analysis, after breaking through the $1.2400 support. The pair is now testing at $1.2400 and we expect it to bounce back down and fall to $1.2250, then $1.2170 levels. The resistance is $1.2400. If successful in breaking through, the pair may target the $1.2500 level.

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