GBPUSD, Daily
In the daily timeframe, GBPUSD faces a support zone at the 1.2880 level, which is aligned with the 100.0 Fibonacci retracement. The RSI leaves the overbought zone and the Parabolic SAR pointed dots above the price, giving a bearish sentiment.
- If the price rebounds off the 1.2880 support, it may rise to 1.2990.
- However, if the asset breaches below the support, it may fall to 1.2790.