GBPUSD erases all the declines. New high for the day.

<p>The GBPUSD has now reached a new high for the day, fully erasing the decline from the Asian session high at 1.28408. The price just reached 1.28439. The highs from June and July at 1.2848 is the next target. Above that and the door opens th not much in the way of resistance until the March and April 2022 lows between 1.2971 to 1.2998 (call it 1.3000). </p><p>See earlier posts here and the morning video <a href="https://www.forexlive.com/technical-analysis/the-gbpusd-falls-toward-100-hour-ma-and-swing-area-to-start-the-trading-week-20230710/" target="_blank" rel="follow">here</a>. </p>

This article was written by Greg Michalowski at www.forexlive.com.