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GBP Recovers from Daily Low

M. Ali 24 October, 2020 12:02 am Forex Market, Market Update

The British Pound (GBP) is declining against the US Dollar (USD) and the GBP/USD pair broke the 1.3050 support level.

After hitting a fresh daily low of 1.3019, the pair has recovered some of its losses, trading at 1.3041, lower by 0.32% for the day.

The pair hit a high of 1.3122 earlier in the day, after closing Thursday at 1.3083.

Support Levels: 1.3053 – 1.3021 – 1.2971

Resistance Levels: 1.3135 – 1.3185 – 1.3217

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