GBP/USD got a strong 50-pip boost in early European trading finding support near the 1.3070 level. GBP/USD is now close to the weekly high and investors are debating whether to breakout above 1.3155 or to resume the main bear trend. The market is currently having a pullback from the daily highs and a retest of 1.3100 should act as short-term support. A breakout below 1.3070 could be seen as a sign of bullish weakness. As it stands bulls have a slight advantage and given the bullish pressure a breakout above 1.3155 would not be surprising. GBP/USD 15-minute chart Spot rate: 1.3114 Relative change: 0.11% High: 1.3139 Low: 1.3071 Trend: Bearish / Risk of bullish reversal Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figureResistance 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 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 USD/CHF remains stuck in daily range below mid-0.99s FX Street 5 years GBP/USD got a strong 50-pip boost in early European trading finding support near the 1.3070 level. GBP/USD is now close to the weekly high and investors are debating whether to breakout above 1.3155 or to resume the main bear trend. The market is currently having a pullback from the daily highs and a retest of 1.3100 should act as short-term support. A breakout below 1.3070 could be seen as a sign of bullish weakness. As it stands bulls have a slight advantage and given the bullish pressure a breakout above 1.3155 would not be surprising. GBP/USD 15-minute chart… 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.
