GBP/USD has found support near the 1.3100 level for the second consecutive day as GBP/USD is consolidating last Thursday’s drop. GBP/USD bulls are working at keeping the market above the 50,100 and 200-period simple moving average, suggesting building bullish momentum. Resistances to the upside are likely located near 1.3155 and the 1.3200 figure while supports are likely located near the 1.3100-1.3076 area and 1.3049 June 28 low. A bear breakout below 1.3100-1.3076 area can lead to the resumption of the bear trend. GBP/USD 15-minute chart Spot rate: 1.3117 Relative change: 0.11% High: 1.3139 Low: 1.3097 Trend: Bearish / Bullish correction Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3230 supply level Resistance 4: 1.3250 June 4 high Support 1: 1.3100-1.3076 area, figure and weekly low 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 EUR/USD pushes higher to 1.1690 on German CPI FX Street 5 years GBP/USD has found support near the 1.3100 level for the second consecutive day as GBP/USD is consolidating last Thursday's drop. GBP/USD bulls are working at keeping the market above the 50,100 and 200-period simple moving average, suggesting building bullish momentum. Resistances to the upside are likely located near 1.3155 and the 1.3200 figure while supports are likely located near the 1.3100-1.3076 area and 1.3049 June 28 low. A bear breakout below 1.3100-1.3076 area can lead to the resumption of the bear trend. GBP/USD 15-minute chart Spot rate: 1.3117 Relative change: 0.11%… 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.
