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Forex Analysis Details

GBPUSD could test an important support level at 1.2578

  • PUBLISH BY: FxsuccessBD
  • 17 Jun, 2019 4:48pm

Upwards scenario: Market sentiment remains bearish, however pullback formation is possible today. Price tag at 1.2607 (R1) provides next resistive measure. Clearance here would suggest further appreciation towards to our initial targets at 1.2640 (R2) and 1.2674 (R3). Downwards scenario: Market could test an important support level at 1.2578 (S1) on the downside. Loss here would suggest next target at 1.2545 (S2) and 1.2512 (S3) in potential.

Resistance Levels: 1.2607, 1.2640, 1.2674

Support Levels: 1.2578, 1.2545, 1.2512

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