GBP/USD is up about 120 pips this Friday as the market sold USD on the back of comments from US President Trump criticizing the Federal Reserve Bank to be in a hiking cycle. The momentum has momentarily shifted to bullish giving a break to the protracted bear trend of the last weeks. Indeed, the 50 and 100-period simple moving averages have crossed above the 200-period SMA. The next resistances to the upside are seen near 1.3155 and the 1.3200 figure while supports are likely located near 1.3100 figure and 1.3049 June 28 low. GBP/USD 15-minute chart Spot rate: 1.3133 Relative change: 0.90% High: 1.3141 Low: 1.2995 Trend: Bearish / Bullish correction Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3250 June 4 high Support 1: 1.3100 figure Support 2: 1.3049 June 28 low Support 3: 1.3010 July 18 low Support 4: 1.2957 current 2018 low Support 5: 1.2908 September 5, 2017 low Support 6: 1.2774 August 24, 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 EOS Price Analysis: EOS/USD has been moving within a descending channel, testing the upper trend line for a breakout to move back north FX Street 5 years GBP/USD is up about 120 pips this Friday as the market sold USD on the back of comments from US President Trump criticizing the Federal Reserve Bank to be in a hiking cycle. The momentum has momentarily shifted to bullish giving a break to the protracted bear trend of the last weeks. Indeed, the 50 and 100-period simple moving averages have crossed above the 200-period SMA. The next resistances to the upside are seen near 1.3155 and the 1.3200 figure while supports are likely located near 1.3100 figure and 1.3049 June 28 low. 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.
