GBP/USD bulls are staging a reversal from the 1.3100 level as the pair has now reversed earlier losses. Earlier hawkish comments by Bank of England’s Cunliffe, the US-UK trade deal hopes and the softer University of Michigan Consumer Sentiment index all collaborated to lift GBP/USD above the 1.3200 figure. The momentum has switched to bullish as GBP/USD is trading above the 200-period simple moving average and the upper trendline of the bearish channel. The next objective for bulls is to get to 1.3250, June 4 high and the 1.3300 figure. GBP/USD 15-minute chart Spot rate: 1.3216 Relative change: 0.08% High: 1.3221 Low: 1.3102 Trend: Bullish Resistance 1: 1.3250 June 4 high Resistance 2: 1.3300 figure Resistance 3: 1.3363 weekly high Resistance 4: 1.3400 figureResistance 5: 1.3472 June’s high Support 1: 1.3200 figure Support 2: 1.3155 former breakout point Support 3: 1.3100 figure Support 4: 1.3049 current 2018 low Support 5: 1.3027 October 6, 2017 swing 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 Bitcoin Cash Technical Analysis: BCH/USD treads water near $700, struggles to set new direction FX Street 5 years GBP/USD bulls are staging a reversal from the 1.3100 level as the pair has now reversed earlier losses. Earlier hawkish comments by Bank of England's Cunliffe, the US-UK trade deal hopes and the softer University of Michigan Consumer Sentiment index all collaborated to lift GBP/USD above the 1.3200 figure. The momentum has switched to bullish as GBP/USD is trading above the 200-period simple moving average and the upper trendline of the bearish channel. The next objective for bulls is to get to 1.3250, June 4 high and the 1.3300 figure. GBP/USD 15-minute chart Spot rate: … 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.
