Home GBP/USD Technical Analysis: Cable bear trend resumes as GBP/USD trades below 1.3150
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GBP/USD Technical Analysis: Cable bear trend resumes as GBP/USD trades below 1.3150

  • GBP/USD is now breaking to downside from the 1.3155 support.  
  • GBP/USD bears next targets are  the 1.3100 figure and 1.3049, the current 2018 low.
  • Resistances are seen near 1.3155 and the 1.3200 figure.

GBP/USD 15-minute chart  

Spot rate:               1.3138
Relative change:    -0.74%      
High:                      1.3270
Low:                       1.3135

Trend:                    Bearish

Resistance 1:        1.3155 former breakout point
Resistance 2:        1.3200 figure
Resistance 3:        1.3225 intraday swing low  
Resistance 4:        1.3250 June 4 high  
Resistance 5:        1.3300 figure
Resistance 6:        1.3363 last week’s high
Resistance 7:        1.3400 figure
Resistance 8:        1.3472 June’s high

Support 1:             1.3100 figure
Support 2:             1.3049 current 2018 low
Support 3:             1.3027 October 6, 2017 swing low

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