Support and Resistance levels for GBP/USD.
Most likely outcome: Short position at 12930 with the first target at 12906, further downside brings 12881 then 12873. Levels to watch out for in extension are 12848, 12834 and strong support at (1) 12825.
Alternatively: Long position above 12956, should see 12970/74, further upside would be met with strong resistance at (2) 12990.
The time frame for this idea is short term.
Most likely outcome: Short position at 12930 with the first target at 12906, further downside brings 12881 then 12873. Levels to watch out for in extension are 12848, 12834 and strong support at (1) 12825.
Alternatively: Long position above 12956, should see 12970/74, further upside would be met with strong resistance at (2) 12990.
The time frame for this idea is short term.