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  • GBP/USD keeps grinding higher as bulls are pushing prices near the 1.3300 level as the week is coming to an end.
  • GBP/USD is also testing 1.3284, the 200-period simple moving average on the 4-hour chart. GBP/USD has not traded above its 200-period SMA since April, 20. A breakout above the level can be seen as a bullish clue.

GBP/USD 15-minute chart

Spot rate:               1.3283
Relative change:     0.44%      
High:                      1.3290
Low:                       1.3203

Trend:                    Bullish

Resistance 1:        1.3284, 200-period SMA (4h)
Resistance 2:        1.3300-1.3314 June 22 swing high
Resistance 3:        1.3400 figure

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

GBP/USD 4-hour chart and the 200-period SMA