“¢ The pair finally broke below the 1.3100 handle, marking the neckline support of a bearish head & shoulders chart pattern on the 4-hourly chart. “¢ Technical indicators on the mentioned chart have started gaining negative momentum and add credence to the bearish breakdown. “¢ Even the slightest of disappointment from today’s UK construction PMI might accelerate the downfall, albeit might be limited ahead of the BoE Super Thursday. GBP/USD 4-hourly chart Spot rate: 1.3076 Daily High: 1.3129 Trend: Bearish Resistance R1: 1.3096 (trend-line support break-point) R2: 1.3129 (current day swing high) R3: 1.3150 (R1 daily pivot-point) Support S1: 1.3049 (S3 daily pivot-point) S2: 1.3015 (horizontal zone) S3: 1.2957 (YTD low set on July 19) 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 Mexico: Banxico to hold at 7.75% – TDS FX Street 5 years "¢ The pair finally broke below the 1.3100 handle, marking the neckline support of a bearish head & shoulders chart pattern on the 4-hourly chart. "¢ Technical indicators on the mentioned chart have started gaining negative momentum and add credence to the bearish breakdown. "¢ Even the slightest of disappointment from today's UK construction PMI might accelerate the downfall, albeit might be limited ahead of the BoE Super Thursday. GBP/USD 4-hourly chart Spot rate: 1.3076 Daily High: 1.3129 Trend: Bearish Resistance R1: 1.3096 (trend-line support break-point) R2: 1.3129 (current day swing high) R3:… 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.
