Yesterday, the GBP/USD was trading lower and closed the day in the red zone near the price of $1.2265. Today, it was trading in a narrow range of $1.2250-75, remaining near monthly lows. On the hourly chart, GBP/USD is still trading below the MA (200) H1 moving average line ($1.2405). On the four-hour chart, the situation is similar.
Resistances levels are at: $1.2375, $1.2435, $1.2465-80
Support levels are at: $1.2250, $1.2165, $1.1975
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