- GBP/USD is in a bull trend above the 200-period simple moving average.
- GBP/USD has rejected the 1.3200 figure suggesting that the market might enter a consolidation phase below the level.
- Failure to recapture 1.3237 (the current October 16 high) can lead to a pullback down towards 1.3140 (current October 16 low) in the coming sessions.
Spot rate: 1.3184
Relative change: 0.24%
High: 1.3237
Low: 1.3140
Main trend: Bullish
Resistance 1: 1.3200 figure
Resistance 1: 1.3259 October 12 high
Resistance 2: 1.3300 September 20 high
Resistance 3: 1.3370 July 9 high
Resistance 4: 1.3400 figure
Support 1: 1.3140 current October 16 low
Support 2: 1.3100 figure
Support 3: 1.3050 August 30 swing high, key level
Support 4: 1.3028 October 8 low
Support 5: 1.3000 figure
Support 6: 1.2957 July 19 swing low
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