GBP/USD is currently challenging the weekly high near the 1.3175 level. GBP/USD is trading above all its main simple moving averages (50, 100 and 200 SMA) suggesting a bullish bias ahead of the Trump-Juncker meeting scheduled at 17:30 GMT. Bulls objective is to clearly break above the current daily/weekly high at 1.3175 in order to reach the 1.3200 figure and 1.3230 supply level. On the other hand, bears need to overcome the main SMA and the 1.3100 figure in order to create a credible bear reversal. GBP/USD 15-minute chart Spot rate: 1.3175 Relative change: 0.25% High: 1.3178 Low: 1.3137 Trend: Bearish / Risk of bullish reversal Resistance 1: 1.3200 figure Resistance 2 1.3230 supply levelResistance 3: 1.3250 June 4 high Support 1: 1.3155 former breakout point Support 2: 1.3100 figure Support 3: 1.3049 June 28 low Support 4: 1.3010 July 18 low Support 5: 1.2957 current 2018 low Support 6: 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 Bitcoin price bull rally was a result of the devaluation of Chinese money: Expert reckons FX Street 5 years GBP/USD is currently challenging the weekly high near the 1.3175 level. GBP/USD is trading above all its main simple moving averages (50, 100 and 200 SMA) suggesting a bullish bias ahead of the Trump-Juncker meeting scheduled at 17:30 GMT. Bulls objective is to clearly break above the current daily/weekly high at 1.3175 in order to reach the 1.3200 figure and 1.3230 supply level. On the other hand, bears need to overcome the main SMA and the 1.3100 figure in order to create a credible bear reversal. 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.
