The GBPUSD is moving to new levels and in the process is chipping away at the November lows. The next downside targets look towards the swing levels from November 26 at 1.2506 and then the low from November 22 at 1.24865.
A move below these levels will take the pair to its lowest level since May and open the door to new levels for the pair.
The 61.8% move up from the 2023 low comes in at 1.2423.
This article was written by Greg Michalowski at www.forexlive.com.
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