GBP/USD recovered most of the losses made earlier in the session as it is trading just below the 1.3450 level.
The 1.3450 level acted as key support and resistance several times in the last days. Moreover, as the bears strongly broke below the wedge ascending trendline (blue) a deeper pullback can be on the cards.
However, a sustained breakout above 1.3450 can bring the market towards the 1.3586 daily 200-period simple moving average.
Spot rate: 1.3431
Relative change: 0.13%
High: 1.3472
Low: 1.3371
Trend: Neutral
Support 1: 1.3374 current Thursday’s low
Support 2: 1.3333 Tuesday’s intraday swing low
Support 3: 1.3300 handle
Resistance 1: 1.3450 multi-day support and resistance
Resistance 2: 1.3470-1.3500 current Thursday’s high and figure
Resistance 3: 1.3586 daily 200-period simple moving average
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