GBP/USD is trading near the daily high as bulls have currently found support at the 1.3100 figure. Bulls objective is to break above the current daily high and the 1.3155 resistance while bears will try to resume the bear trend. However, as the bulls have regained 1.3100 and the 50 and 100-periods simple moving average they currently have a slight advantage over bears. The 30-pip bounce coincides with the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast. GBP/USD 15-minute chart Spot rate: 1.3115 Relative change: 0.05% High: 1.3124 Low: 1.3082 Trend: Bearish / Bullish correction Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3230 supply levelResistance 4: 1.3250 June 4 high Support 1: 1.3100-1.3076 area, figure and weekly low 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 USD/CAD resistance lies around 1.3100/20 – Scotiabank FX Street 5 years GBP/USD is trading near the daily high as bulls have currently found support at the 1.3100 figure. Bulls objective is to break above the current daily high and the 1.3155 resistance while bears will try to resume the bear trend. However, as the bulls have regained 1.3100 and the 50 and 100-periods simple moving average they currently have a slight advantage over bears. The 30-pip bounce coincides with the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second… 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.
