GBP/USD is testing the weekly high at 1.3275 after the release of the US Non Farm Payrolls and the Average Hourly Earnings. The NFP came above expectations at 213K versus 195K expected in June, while wage’s growth came slightly below expectations at 2.7% vs. 2.8% forecast. GBP/USD is currently in a 6-day bear flag in a bear trend while bulls see the current consolidation as the start of a bull trend. GBP/USD bulls will need to overcome the 200-period simple moving average (SMA) on the 4-hour chart at 1.3284 and the 1.3314 June 22 swing high to the uspide. GBP/USD 15-minute chart Spot rate: 1.3263 Relative change: 0.29% High: 1.3276 Low: 1.3203 Trend: Bullish Resistance 1: 1.3276 current weekly high Resistance 2: 1.3284, 200-period SMA Resistance 3: 1.3314 June 22 swing high Support 1: 1.3250 Wednesday’s 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 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 AUD/USD fades the NFP-led spike, returns to 0.7420 area FX Street 3 years GBP/USD is testing the weekly high at 1.3275 after the release of the US Non Farm Payrolls and the Average Hourly Earnings. The NFP came above expectations at 213K versus 195K expected in June, while wage's growth came slightly below expectations at 2.7% vs. 2.8% forecast. GBP/USD is currently in a 6-day bear flag in a bear trend while bulls see the current consolidation as the start of a bull trend. GBP/USD bulls will need to overcome the 200-period simple moving average (SMA) on the 4-hour chart at 1.3284 and the 1.3314 June 22 swing high to the uspide. GBP/USD… Top 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.
