GBP/USD is currently rebounding from the 1.3100 figure after GBP/USD lost about a 100 pips from Asia. GBP/USD bulls are trying to create a bull reversal but they would need to overcome the bearish trendline and the 200-period simple moving average, all converging in the 1.3200 zone. Although GBP/USD is in a bullish consolidation, the momentum remains bearish below 1.3200. The bears objective is to claim the 1.3100 figure in order to target the current 2018 low at 1.3049. GBP/USD 15-minute chart Spot rate: 1.3174 Relative change: -0.24% High: 1.3209 Low: 1.3102 Trend: Bearish Resistance 1: 1.3200 figure Resistance 2: 1.3250 June 4 high Resistance 3: 1.3300 figure Resistance 4: 1.3363 weekly high Resistance 5: 1.3400 figureResistance 6: 1.3472 June’s high Support 1: 1.3155 former breakout point Support 2: 1.3100 figure Support 3: 1.3049 current 2018 low Support 4: 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 US stocks struggle to build on recent gains, focus shifts to earnings season FX Street 5 years GBP/USD is currently rebounding from the 1.3100 figure after GBP/USD lost about a 100 pips from Asia. GBP/USD bulls are trying to create a bull reversal but they would need to overcome the bearish trendline and the 200-period simple moving average, all converging in the 1.3200 zone. Although GBP/USD is in a bullish consolidation, the momentum remains bearish below 1.3200. The bears objective is to claim the 1.3100 figure in order to target the current 2018 low at 1.3049. GBP/USD 15-minute chart Spot rate: 1.3174 Relative change: … 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.
