GBPUSD, look for 1.2497 level to act as support before buying

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According to marketkolor.com, Support and Resistance levels are natural turning points used to determine corrections. GBPUSD has sustained multiple closes below it’s 1.2497 Support/Resistance level. This level should now act as new resistance to the price action. Look for continuity to the downside but be careful of a subsequent break of this new resistance level to the upside. Use this as a buy signal.