GBPUSD support hold

GBPUSD is testing 1.2300

 

GBPUSD support 1.2100 support is holding. This is the most important short-term support as the pair is testing 1.2300, the last resistance before the 1.3000-1.3500 zone.  GBPUSD recovery from the very bottom of 1.0345 is strong and a break above 1.2300 will confirm another 1000 pips upside extension. A break below 1.2100 will invalidate this.

Note: look for the long trades with a stop loss below 1.2100

 

 

 

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