Technical analysis of GBP/USD for July 05, 2022
GBP/USD : Immediate support is seen around 1.1952. A clear break below that area could lead price to the neutral zone in the nearest term. Price will test 1.1897, because in general, we remain bearish on July 5th, 2022. Yesterday, the market moved from its top at 1.2165 and continued to fall towards the bottom of 1.1952. Today, on the one-hour chart, the current drop will remain within a framework of correction.