“¢ Reverses an Asian session dip to sub-1.3300 level and finally breaks through a short-term descending trend-channel formation on the daily chart. “¢ The positive momentum stalled, at least for the time being, near an important confluence region, comprising of 50-day SMA and 23.6% Fibonacci retracement level of the 1.4377-1.3050 downfall. “¢ With short-term technical indicators gradually picking up positive momentum, a follow-through buying beyond the mentioned barrier would reaffirm the bullish break and pave the way for an extension of the pair’s near-term upward trajectory. GBP/USD daily chart Spot Rate: 1.3338 Daily High: 1.3363 Daily Low: 1.3285 Trend: Bullish Resistance R1: 1.3358 (confluence region) R2: 1.3405 (R3 daily pivot-point) R3: 1.3447 (June 14 swing high) Support S1: 1.3285 (current day swing low) S2: 1.3232 (100-period SMA H1) S3: 1.3200 (round figure mark) 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 GBP/USD heading back towards 1.3300 amid UK political woes FX Street 3 years "¢ Reverses an Asian session dip to sub-1.3300 level and finally breaks through a short-term descending trend-channel formation on the daily chart. "¢ The positive momentum stalled, at least for the time being, near an important confluence region, comprising of 50-day SMA and 23.6% Fibonacci retracement level of the 1.4377-1.3050 downfall. "¢ With short-term technical indicators gradually picking up positive momentum, a follow-through buying beyond the mentioned barrier would reaffirm the bullish break and pave the way for an extension of the pair's near-term upward trajectory. GBP/USD daily chart Spot Rate: 1.3338 Daily… Top 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.
