- After an attempt to break 1.3442, the bears drove GBP/USD almost 100 pips down in early Europe.
- GBP/USD has broken the ascending trendline from May 29, suggesting lower prices in the coming sessions.
- GBP/USD is now trading below its 50 and 100-period simple moving averages on the hourly and 15-minute chart suggesting a bearish momentum.
GBP/USD 15-minute chart
Spot rate: 1.3378
Relative change: -0.22%
High: 1.3442
Low: 1.3344
Trend: Bearish
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
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