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. GBP/USD 4-hour chart 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 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 UK: High degree of polarisation at home further complicates the situation – Rabobank FX Street 4 years 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. GBP/USD 4-hour chart Spot rate: 1.3049 Relative change: -0.22% 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.
