NEWS: GBPUSD price is falling -0.8% ahead of the new US tax bill entering the House of Representatives
Possible Scenarios:
If GBPUSD fails to breach through S1 of 1.36016, our Research Department expects the GBPUSD to undergo a short- term upward correction.
If GBPUSD manages to break below its S1 of 1.36016, our Research Department expects the GBPUSD to extend its losses to its S2 of 1.35767
Support and Resistance Levels:
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.35518 |
1.35767 |
1.36016 |
1.36348 |
1.36680 |
1.36929 |
1.37178 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.08 |
(+/-) £73.33 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.17531
***GBP/USD = 1.36370
Calculations for exchange rate used as of Wednesday, July 2, 2025, 13:20 GMT+1