- GBP/USD is falling fast as it is about 10 pips away from the current 2018 low at 1.3102.
- A breakout below 1.3102 can lead to further losses towards 1.3027 October 6, 2017 swing low.
- However, the current 2018 low at 1.3102 will likely act as support but since the bear momentum is rather strong, sellers have a fair chance to break through it.
Spot rate: 1.3114
Relative change: -0.82%
High: 1.3235
Low: 1.3110
Trend: Bearish
Resistance 1: 1.3155 former breakout point
Resistance 2: 1.3200 figure
Resistance 3: 1.3235 Tuesday’s high
Resistance 4: 1.3260, intraday swing high Tuesday
Resistance 5: 1.3300 key support
Support 1: 1.3102, current 2018 low
Support 2: 1.3027 October 6, 2017 swing ow
Support 3: 1.2774, August 24, 2017 swing low
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