- The pair dropped to 1.3080 and bounced quickly to the previous intraday trading range between 1.3095 and 1.3105.
- Consolidation above 1.3110 over the next hours could lead to a test of 1.3140 and also to Monday’s high.
- Modest upside bias to remain in place as long as price holds on top of 1.3065/1.3080; below bearish pressure likely to intensify.
GBP/USD 15-minute chart
Spot rate: 1.3097
High: 1.3157
Low: 1.3081
Trend: Neutral
Resistance 1: 1.3140
Resistance 2: 1.3185
Resistance 3: 1.3225
Support 1: 1.3045
Support 2: 1.3005
Support 3: 1.2955 (Jul 19 low)
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