- After bouncing at the 200-period simple moving average GBP/USD is now revisiting the daily highs just below the 1.3200 figure.
- GBP/USD bulls objective is to breakout above the 1.3200 figure and the bearish trendline.
- GBP/USD bears want to keep the market below the 1.3200 level and resume the bear trend of the last weeks.
Spot rate: 1.3190
Relative change: 0.36%
High: 1.3208
Low: 1.3114
Trend: Neutral
Resistance 1: 1.3200 figure
Resistance 2: 1.3256, intraday swing high of last Tuesday
Resistance 3: 1.3300 figure
Support 1: 1.3155 former breakout point
Support 2: 1.3100 figure
Support 3: 1.3049 current 2018 low
Support 4: 1.3027 October 6, 2017 swing low
Share
