GBP/USD had a spike down to 1.3068 and then bulls attempted a reversal up with an 80-pip move to the upside. The confusion was led by UK politics: Big slippage in GBP/USD on turnaround victory for the government on trade bill amendment. GBP/USD remains contained below 1.3155 resistance as the reversal up lacked immediate bullish follow-through. However, a breakout above 1.3155 would probably be a sign of weakness for bears. Although the reversal up attempt was sharp, there is no sign of a clear bottom just yet and the pair seems willing to make another attempt at the 1.3100 level. GBP/USD 15-minute chart Spot rate: 1.3118 Relative change: -0.88% High: 1.3270 Low: 1.3068 Trend: Bearish Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3225 intraday swing low Resistance 4: 1.3250 June 4 high Resistance 5: 1.3300 figure Resistance 6: 1.3363 last week’s high Resistance 7: 1.3400 figure Resistance 8: 1.3472 June’s high Support 1: 1.3100 figure Support 2: 1.3049 current 2018 low Support 3: 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 GBP traded as low as 1.3070 before rebounding to 1.3140 on the customs vote – ANZ FX Street 5 years GBP/USD had a spike down to 1.3068 and then bulls attempted a reversal up with an 80-pip move to the upside. The confusion was led by UK politics: Big slippage in GBP/USD on turnaround victory for the government on trade bill amendment. GBP/USD remains contained below 1.3155 resistance as the reversal up lacked immediate bullish follow-through. However, a breakout above 1.3155 would probably be a sign of weakness for bears. Although the reversal up attempt was sharp, there is no sign of a clear bottom just yet and the pair seems willing to make another attempt at the 1.3100… 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.
