GBP/USD analysis: Targeting a break above 1.2797 daily resistance [Video]

Duncan Cooper ACY Securities

Hi Traders, watching price levels on the GBPUSD weekly, daily, and 15 min charts.

Price has been advancing from the 1.2679 weekly support level.

1.2741-28 the 62-79% fib retracement area.

Watching for price to decline and hold at this intraday support area for a further advance targeting a break above the 1.2797 daily resistance level.

Author

Duncan Cooper

ACY Securities

Duncan Cooper is a full-time trader and mentor. He has been actively trading the financial markets for more than 15 years and has traded stocks, options, futures, and the Forex Market since 2005.

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