GBP/USD is down about 70 pips from Asia as GBP/USD dropped after the Bank of England dovish rate hike. GBP/USD found support near the 1.3000 level and is now having a pullback to the upside. Late bears will try to short at the 1.3075 level while bulls will try to push the market higher towards 1.3100. A breakout above 1.3100 would be negative for bears. Bears are currently losing stream and the reaction at 1.3076 and 1.3100 will be capital for determining the short-term directionality of the currency pair. Bears need to regain the 1.3000 level in order to drive the market down towards 1.2957, the current 2018 low. GBP/USD 15-minute chart Spot rate: 1.3054 Relative change: -0.55% High: 1.3129 Low: 1.3015 Trend: Bearish / Bullish pullback Resistance 1: 1.3100-1.3076 area, figure and July 24 low Resistance 2: 1.3155 former breakout point Resistance 3: 1.3200 figure Resistance 4: 1.3230 supply levelResistance 5: 1.3250 June 4 high Support 1: 1.3049 June 28 low Support 2: 1.3010 July 18 low Support 3: 1.2957 current 2018 low Support 4: 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 EUR/JPY Technical Analysis: Breaks below the key support line. Relevant contention emerges at 129.08 FX Street 5 years GBP/USD is down about 70 pips from Asia as GBP/USD dropped after the Bank of England dovish rate hike. GBP/USD found support near the 1.3000 level and is now having a pullback to the upside. Late bears will try to short at the 1.3075 level while bulls will try to push the market higher towards 1.3100. A breakout above 1.3100 would be negative for bears. Bears are currently losing stream and the reaction at 1.3076 and 1.3100 will be capital for determining the short-term directionality of the currency pair. Bears need to regain the 1.3000 level in order to… 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.
