Pivot point: 1.2299
Resistance level 1: 1.2396 Resistance level 2: 1.2522 Resistance level 3: 1.2619
Support level 1: 1.2173 Support level 2: 1.2076 Support level 3: 1.1950
Comment: The bearish trend still dominates the GBPUSD as it once again declined on Monday . Without breaking or touching any support levels, it trades within a comparatively low range. If the bearish momentum convenes, the pair may head lower to 1.2173 and then test the second support of 1.2076. Alternatively, if a bullish trend emerges the first resistance level of 1.2396 may give way, leading the pair targets higher towards 1.2522.
Resistance level 1: 1.2396 Resistance level 2: 1.2522 Resistance level 3: 1.2619
Support level 1: 1.2173 Support level 2: 1.2076 Support level 3: 1.1950
Comment: The bearish trend still dominates the GBPUSD as it once again declined on Monday . Without breaking or touching any support levels, it trades within a comparatively low range. If the bearish momentum convenes, the pair may head lower to 1.2173 and then test the second support of 1.2076. Alternatively, if a bullish trend emerges the first resistance level of 1.2396 may give way, leading the pair targets higher towards 1.2522.