gbpusd technical analysis Monday 3 Jul 2023

GBPUSD Technical Analysis; 03-07-2023

deltawriter 3 July 2023

As seen in the image, the level of 1.2700 (23.6% Fibonacci retracement level with a 50-period simple moving average and a 100-period simple moving average) has been established as a key resistance level for the GBPUSD currency pair. A daily candle closing above this level can attract buyers and push this currency pair towards 1.2750 (a fixed level) and 1.2800 (a psychological level)

On the other hand, a temporary support level is located at 1.2650 (20-period simple moving average), which is above the levels of 1.2600 and 1.2570 (50% Fibonacci retracement level).

GBPUSD technical analysis 03 July 2023
GBPUSD technical analysis 03 July 2023

To enter the forex market and earn more profit, log in to Delta FX broker.

Leave a Reply

Your email address will not be published.

Related Articles

Are you ready for trading?