- GBP/USD price action was dominated by UK’s politics this Monday. UK government tumbled, five casualties so far, more to come?
- GBP/USD dropped almost 180 pips and bulls are currently supporting the price above the 1.3250 level.
- GBP/USD bear move was quite strong and the last move up from June 28 might be a bear flag if bulls cannot extend the uptrend above the Monday’s high.
GBP/USD 15-minute chart
Spot rate: 1.3260
Relative change: -0.42%
High: 1.3363
Low: 1.3189
Trend: Neutral to bearish
Resistance 1: 1.3300-1.3314 June 22 swing high
Resistance 2: 1.3350 figure
Resistance 3: 1.3400 figure
Resistance 4: 1.3472 June’s high
Support 1: 1.3250 June 4 high
Support 2: 1.3200 figure
Support 3: 1.3155 former breakout point
Support 4: 1.3100 figure
Support 5: 1.3049 current 2018 low
Support 6: 1.3027 October 6, 2017 swing low
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