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  • GBP/USD is starting the week by breaking above the 1.3300 figure and trying to push above the 1.3350 level as the Cable is keeping last week’s bullish momentum.
  • GBP/USD next key target to the upside is likely located near 1.3472 June’s high.  
  • GBP/USD short-term support is seen near the 1.3300 figure and 1.3250, June 4 high.  

GBP/USD 15-minute chart

Spot rate:               1.3346
Relative change:     0.43%      
High:                      1.3363
Low:                       1.3284

Trend:                    Bullish

Resistance 1:        1.3350 figure
Resistance 2:        1.3400 figure
Resistance 3:        1.3472 June’s high

Support 1:             1.3281, 200-period SMA (4h)
Support 2:             1.3300-1.3314 June 22 swing high
Support 3:             1.3250 June 4 high
Support 4:             1.3200 figure
Support 5:             1.3155 former breakout point
Support 6:             1.3100 figure
Support 7:             1.3049 current 2018 low
Support 8:             1.3027 October 6, 2017 swing low