GBP/USD had a small bullish reaction after the release of the US Nonfarm Payrolls which came below expectations at 157K versus 190K forecast. The Average Hourly Earnings in July annualized came in line at 2.7%. GBP/USD attempted to breakout above 1.3049 to retreat near the 1.3000 level. Bears will will now try to breakout below the current daily low at 1.2975. Failure to break below 1.3000-1.2975 can lead to short-covering and a bullish reaction. Resistances to the upside are seen near 1.3049 and 1.3100-1.3076 area. GBP/USD 15-minute chart Spot rate: 1.3000 Relative change: -0.12% High: 1.3044 Low: 1.2975 Trend: Bearish / Bullish above 1.3044 (current daily high) Resistance 1: 1.3010 July 18 low Resistance 2: 1.3049 June 28 low Resistance 3: 1.3100-1.3076 area, figure and July 24 low Resistance 4: 1.3155 former breakout point Resistance 5: 1.3200 figure Resistance 6: 1.3230 supply levelResistance 7: 1.3250 June 4 high Support 1: 1.3000 figure Support 2: 1.2957 current 2018 low Support 3: 1.2900 figure Support 4: 1.2852 August 31, 2017 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 AUD/USD fails to stay above 0.74 as DXY starts recovering NFP-led losses FX Street 5 years GBP/USD had a small bullish reaction after the release of the US Nonfarm Payrolls which came below expectations at 157K versus 190K forecast. The Average Hourly Earnings in July annualized came in line at 2.7%. GBP/USD attempted to breakout above 1.3049 to retreat near the 1.3000 level. Bears will will now try to breakout below the current daily low at 1.2975. Failure to break below 1.3000-1.2975 can lead to short-covering and a bullish reaction. Resistances to the upside are seen near 1.3049 and 1.3100-1.3076 area. GBP/USD 15-minute chart Spot rate: 1.3000… 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.
