Home GBP/USD Technical Analysis: Cable facing some resistance near 1.3300 level
FXStreet News

GBP/USD Technical Analysis: Cable facing some resistance near 1.3300 level

  • GBP/USD is facing some resistance as it got near the 1.3300 level. The failure can lead to a rotation back towards the 1.3260 level, the 200-period simple moving average on 15-minute chart.  
  • However, a breakout of the 1.3300 level can open the gates to the 1.3350 supply/demand level.  

GBP/USD 15-minute chart

Spot rate:               1.3279
Relative change:    0.10%      
High:                      1.3291
Low:                       1.3221

Trend:                    Bullish

Resistance 1:        1.3300 key support    
Resistance 2:        1.3350 supply/demand level
Resistance 3:        1.3400 figure

Support 1:             1.3260, 200-period SMA (15m)
Support 2:             1.3200-1.3221 area, figure and current Monday’s low  
Support 3:             1.3146, current 2018 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.