GBP/USD got a 40-pip knee-jerk reaction to the upside after the release of the US Consumer Price Index (CPI) which came in line with analyst expectations at 2.3% in June. GBP/USD is facing some resistance at 1.3250 and at the 200-period simple moving average as the bulls are trying to create a bull breakout in order to reclaim the 1.3300 figure. GBP/USD is currently retracing to the downside the US CPI news boost as the USD Dollar is slowly regaining strength. Bears need a breakout below 1.3200 while bulls need a breakout above 1.3300 in order to further confirm the directionality of the pair. GBP/USD 15-minute chart Spot rate: 1.3223 Relative change: 0.12% High: 1.3246 Low: 1.3180 Trend: Neutral to bearish Resistance 1: 1.3250 June 4 high Resistance 2: 1.3300 figure Resistance 3: 1.3363 weekly high Resistance 4: 1.3400 figureResistance 5: 1.3472 June’s high Support 1: 1.3200 figure Support 2: 1.3155 former breakout point Support 3: 1.3100 figure Support 4: 1.3049 current 2018 low Support 5: 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 BoC: Near-term projections looking a little optimistic – TDS FX Street 5 years GBP/USD got a 40-pip knee-jerk reaction to the upside after the release of the US Consumer Price Index (CPI) which came in line with analyst expectations at 2.3% in June. GBP/USD is facing some resistance at 1.3250 and at the 200-period simple moving average as the bulls are trying to create a bull breakout in order to reclaim the 1.3300 figure. GBP/USD is currently retracing to the downside the US CPI news boost as the USD Dollar is slowly regaining strength. Bears need a breakout below 1.3200 while bulls need a breakout above 1.3300 in order to further… 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.
