- GBP/USD is currently in a 40-pip pullback from the daily high established at 1.3293.
- GBP/USD is attempting to find support near 1.3250 close to the bullish trendline and the 50-period simple moving average. Bulls targets are the 1.3300 figure and 1.3363, last week’s high.
- If 1.3250 fails to hold prices the pullback might extend towards 1.3225 intraday swing low and 1.3200 figure.
GBP/USD 15-minute chart
Spot rate: 1.3264
Relative change: 0.23%
High: 1.3293
Low: 1.3224
Trend: Bullish
Resistance 1: 1.3300 figure
Resistance 2: 1.3363 last week’s high
Resistance 3: 1.3400 figure
Resistance 4: 1.3472 June’s high
Support 1: 1.3250 June 4 high
Support 2: 1.3225 intraday swing low
Support 3: 1.3200 figure
Support 4: 1.3155 former breakout point
Support 5: 1.3100 figure
Support 6: 1.3049 current 2018 low
Support 6: 1.3027 October 6, 2017 swing low
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