“¢ The pair built on Friday’s sharp rebound from the 1.3100 handle and continued gaining positive traction for the second consecutive session. “¢ The Fact that managed to reverse an early European session dip to 100-hour SMA supports prospects for an extension of the positive momentum. “¢ However, RSI (14) on the hourly chart has now moved into overbought territory and could be the only factor capping gains near a short-term descending trend-channel resistance. GBP/USD 1-hourly chart Spot rate: 1.3285 Daily Low: 1.3224 Trend: Bullish Support levels S1: 1.3255 (horizontal zone) S2: 1.3200 (round figure mark) S3: 1.3144 (S1 daily pivot-point) Resistance levels R1: 1.3300 (descending trend-channel) R2: 1.3330 (50-day SMA) R3: 1.3363 (over 3-week tops set last Monday) 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 USD/RUB keeps the sideline theme unaltered so far – Commerzbank FX Street 5 years "¢ The pair built on Friday's sharp rebound from the 1.3100 handle and continued gaining positive traction for the second consecutive session. "¢ The Fact that managed to reverse an early European session dip to 100-hour SMA supports prospects for an extension of the positive momentum. "¢ However, RSI (14) on the hourly chart has now moved into overbought territory and could be the only factor capping gains near a short-term descending trend-channel resistance. GBP/USD 1-hourly chart Spot rate: 1.3285 Daily Low: 1.3224 Trend: Bullish Support levels S1: 1.3255 (horizontal… 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.
