As GBP/USD couldn’t break above 1.3200 earlier in Europe, the market decided to test 1.3100. GBP/USD extended the daily losses but has not yet reached the 1.3100-1.3076 area, which is comprised by the figure and the current weekly low. As GBP/USD dropped about a 100 pips, today’s sell-off is quite discouraging for bulls, however, the market will pay close attention to what will happen at the 1.3100 figure and the current weekly low at 1.3076; the market might create a pullback up of the last leg lower. GBP/USD 15-minute chart Spot rate: 1.3110 Relative change: -0.60% High: 1.3214 Low: 1.3106 Trend: Bearish Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3230 supply levelResistance 4: 1.3250 June 4 high Support 1: 1.3100-1.3076 area, figure and weekly low Support 2: 1.3049 June 28 low Support 3: 1.3010 July 18 low Support 4: 1.2957 current 2018 low Support 5: 1.2908 September 5, 2017 low FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold drops further, eyes $1220 FX Street 5 years As GBP/USD couldn't break above 1.3200 earlier in Europe, the market decided to test 1.3100. GBP/USD extended the daily losses but has not yet reached the 1.3100-1.3076 area, which is comprised by the figure and the current weekly low. As GBP/USD dropped about a 100 pips, today's sell-off is quite discouraging for bulls, however, the market will pay close attention to what will happen at the 1.3100 figure and the current weekly low at 1.3076; the market might create a pullback up of the last leg lower. GBP/USD 15-minute chart Spot rate: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
