- GBP/USD is down for the fourth day in a row as sellers are keeping the main bear trend intact.
- GBP/USD has found some support just above the 1.2800 support and a break below the level is needed to confirm the continuation of the bear leg.
- Meanwhile, repeated failure to break below 1.2800 can lead to a pullback up towards 1.2900 figure as bulls will try to break above the tight bear channel (dotted lines)
Spot rate: 1.2845
Relative change: -0.20%
High: 1.2877
Low: 1.2814
Main trend: Bearish
Resistance 1: 1.2868 August 22 low
Resistance 2: 1.2868 August 22 low
Resistance 3: 1.2900 figure
Resistance 4: 1.2937 August 22 swing high
Resistance 5: 1.2957 July 19 swing low
Resistance 6: 1.3000 figure
Support 1: 1.2845, August 29 low
Support 2: 1.2800 swing low
Support 3: 1.2700-1.2723 zone, figure and August 10 low
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