GBP/USD’s transition from the falling wedge to rising channel, as seen in the hourly chart, indicates the currency pair is likely to test the 50-day moving average (MA) of 1.3355. The pattern adds credence to bullish crossover between the 5-day moving average (MA) and 10-day MA and a bullish 14-day relative strength index (RSI). Hourly chart Spot Rate: 1.33 Daily High: 1.3318 Daily Low: 1.3285 Trend: Bullish Resistance R1: 1.3318 (Asian session high) R2: 1.3355 (50-day MA) R3: 1.3472 (June 7 high) Support S1: 1.3285 (session low) S2: 1.3244 (5-day MA) S3: 1.3197 (10-day MA) 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 AUD/USD on the rise as copper prices bolster the Aussie FX Street 3 years GBP/USD's transition from the falling wedge to rising channel, as seen in the hourly chart, indicates the currency pair is likely to test the 50-day moving average (MA) of 1.3355. The pattern adds credence to bullish crossover between the 5-day moving average (MA) and 10-day MA and a bullish 14-day relative strength index (RSI). Hourly chart Spot Rate: 1.33 Daily High: 1.3318 Daily Low: 1.3285 Trend: Bullish Resistance R1: 1.3318 (Asian session high) R2: 1.3355 (50-day MA) R3: 1.3472 (June 7 high) Support S1: 1.3285 (session low) S2: 1.3244 (5-day MA) S3: 1.3197 (10-day MA) 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.
