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  • 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