GBP/USD Technical Analysis

Technical indicators have recovered from extremely oversold readings but lost strength upward within negative levels, all of which suggest that the latest recovery was mostly corrective. The pair would likely react sharply to Brexit-related headlines, with a break above 1.2140 now required to confirm a technical extension toward 1.2200.

Support levels: 1.2065 1.2010 1.1960

Resistance levels: 1.2140 1.2190 1.2230

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