“¢ The post-BoE upsurge takes out a confluence resistance on the 1-hourly chart and now seems to have negated near-term bearish outlook. “¢ A follow-through technical buying beyond 200-hour SMA would reinforce the bullish expectations and lift the pair back towards weekly tops. “¢ Technical indicators are yet to catch up with the momentum and could be the only factor leading to some consolidation before the next leg of up-move. GBP/USD 1-hourly chart Current Price: 1.3249 Daily Low: 1.3102 Daily High: 1.3259 Trend: Bullish consolidation Resistance R1: 1.3283 (50-period SMA H4) R2: 1.3300 (round figure mark) R3: 1.3315 (61.8% Fibo. level of the 1.3447-1.3102 recent downfall) Support S1: 1.3225 (horizontal level) S2: 1.3200 (round figure mark) S3: 1.3171 (50-hour SMA H1) 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 US Dollar Index Technical Analysis: Greenback bulls reach a new 2018 high, what next FX Street 3 years "¢ The post-BoE upsurge takes out a confluence resistance on the 1-hourly chart and now seems to have negated near-term bearish outlook. "¢ A follow-through technical buying beyond 200-hour SMA would reinforce the bullish expectations and lift the pair back towards weekly tops. "¢ Technical indicators are yet to catch up with the momentum and could be the only factor leading to some consolidation before the next leg of up-move. GBP/USD 1-hourly chart Current Price: 1.3249 Daily Low: 1.3102 Daily High: 1.3259 Trend: Bullish consolidation Resistance R1: 1.3283 (50-period SMA H4) R2: 1.3300… 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.
