Home GBP/USD Technical Analysis: Pond bounces near daily lows
FXStreet News

GBP/USD Technical Analysis: Pond bounces near daily lows

  • GBP/USD is bouncing from the 1.3360 area after losing about 70 pips after an attempt to break the 1.3420 level.
  • GBP/USD is stuck in a trading range since last week as the pair has lost a clear directionality

GBP/USD 15-minute chart

Spot rate:               1.3368
Relative change:    -0.07%      
High:                      1.3420
Low:                       1.3342

Trend:                    Neutral

Resistance 1:        1.3400 figure
Resistance 2:        1.3442 current Monday’s high  
Resistance 3:        1.3590 daily 200-period simple moving average
         
Support 1:             1.3344, daily 10-period SMA
Support 2:             1.3300 figure
Support 3:             1.3254 June 1 swing low

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.