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  • The Sterling-Dollar pairing is looking for more bullish momentum despite the US Dollar’s broad-market bull moves recently.
  • The GBP/USD remains trapped under July’s peaks and the 200-day EMA, but bulls have managed to push the pair into a firm bullish correction, breaking above the 50-day EMA.
  • The 21, 50, and 200 day EMAs remain locked in a bearish setup, and short-sellers will likely be waiting just above.

GBP/USD Chart, 1-Hour

Spot rate 1.3080
Relative change 0.10%
High 1.3084
Low 1.3066
   
Trend Bullish
   
Support 1 1.3013 (200-hour EMA)
Support 2 1.2922 (61.8% Fibo retracement level)
Support 3 1.2785 (two-week low)
   
Resistance 1 1.3143 (previous week high)
Resistance 2 1.3213 (August 26th swing high)
Resistance 3 1.3296 (200-day EMA)

 

Expert score

5

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