Technical analysis of GBP/USD for July 07, 2020

Overview: The GBP/USD pair broke resistance which turned to strong support at the level of 1.2383 last week. The level of 1.2383 coincides with 23.6% of Fibonacci, which is expected to act as major support today. Since the trend is above the 23.6% Fibonacci level, it means the market is still in a uptrend. From […]