Search ForexCrunch
  • The Sterling is grinding sideways, marking in an inside day from Tuesday, presenting a straddle opportunity for higher timeframe traders.
  • Brexit headlines from resigning Brexit cabinet ministers has left the GBP in a weakened state, and trade concerns from late Tuesday are having little effect in Wednesday trading.

GBP/USD Chart,15-Minute

Spot rate:   1.3258
Relative change:   -0.09%
High:   1.3281
Low:   1.3248
   
Trend:   Sideways
   
Support 1:   1.3222 (previous day low)
Support 2:   1.3168 (61.8% Fibo retracement level)
Support 3:   1.3094 (previous week low)
   
Resistance 1:   1.3300 (major technical barrier)
Resistance 2:   1.3361 (current week high)
Resistance 3:   1.3446 (one month high)