- GBP/USD is switching to a bull trend. The market is consolidating the recent gains in a bull flag.
- GBP/USD is finding support at the 1.3000 figure, at the bearish trendline (blue dotted line) and above the 200-period simple moving average.
- Bulls objective is to re-conquer the 1.3100 and 1.3200 levels. A breakout below 1.3000 would negate the bearish scenario.
Spot rate: 1.3049
Relative change: -0.22%
High: 1.3091
Low: 1.3000
Main trend: Bullish
Resistance 1: 1.3050 August 30 swing high, key level
Resistance 2: 1.3100 figure
Resistance 3: 1.3144 key level
Resistance 3: 1.3200 figure (key support/resistance)
Resistance 4: 1.3300 figure
Resistance 5: 1.3363 July high
Resistance 6: 1.3472 June 7 high
Support 1: 1.3000 figure
Support 2: 1.2957 July 19 swing low
Support 3: 1.2900 figure
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