Given the bullish pressure, GBP/USD managed to test the 1.3155 resistance and Monday’s high. GBP/USD bulls next objective is to generate a convincing breakout above 1.3155 to target the 1.3200 figure and 1.3250, June 4 high. The bullish bias remains unchanged as GBP/USD is trading above 1.3100 and the 200-period simple moving average. GBP/USD breakout to new daily highs coincides with Theresa May announcing she would take control of the Brexit negotiations. GBP/USD 15-minute chart Spot rate: 1.3148 Relative change: 0.36% High: 1.3160 Low: 1.3071 Trend: Bearish / Risk of bullish reversal Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3250 June 4 high Support 1: 1.3100 figure Support 2: 1.3049 June 28 low Support 3: 1.3010 July 18 low Support 4: 1.2957 current 2018 low Support 5: 1.2908 September 5, 2017 low 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 Gold’s recovery loses steam ahead of $1230 as Wall Street records large gains FX Street 5 years Given the bullish pressure, GBP/USD managed to test the 1.3155 resistance and Monday's high. GBP/USD bulls next objective is to generate a convincing breakout above 1.3155 to target the 1.3200 figure and 1.3250, June 4 high. The bullish bias remains unchanged as GBP/USD is trading above 1.3100 and the 200-period simple moving average. GBP/USD breakout to new daily highs coincides with Theresa May announcing she would take control of the Brexit negotiations. GBP/USD 15-minute chart Spot rate: 1.3148 Relative change: 0.36% High: … 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.
