GBP/USD is staying supported above the 1.3100 level as the FOMC statement maintains the target interest rate in 1.75-2.00%. GBP/USD keeps the trading range theme intact ahead of the Bank of England Super Thursday. GBP/USD bulls will set their eyes on the 1.3200 in an attempt to reverse the multi-month bear trend while bears will try to drive the market below the 1.3100 level in order to resume the bear trend. Both parties are in equilibrium as market participants are expecting that the Bank of England will deliver the only rate hike in 2018. GBP/USD 15-minute chart Spot rate: 1.3125 Relative change: 0.00% High: 1.3145 Low: 1.3095 Trend: Bearish / Bullish above 1.3200 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 Fed: On track for a September hike and continued gradual removal of accommodation – TDS FX Street 5 years GBP/USD is staying supported above the 1.3100 level as the FOMC statement maintains the target interest rate in 1.75-2.00%. GBP/USD keeps the trading range theme intact ahead of the Bank of England Super Thursday. GBP/USD bulls will set their eyes on the 1.3200 in an attempt to reverse the multi-month bear trend while bears will try to drive the market below the 1.3100 level in order to resume the bear trend. Both parties are in equilibrium as market participants are expecting that the Bank of England will deliver the only rate hike in 2018. GBP/USD 15-minute chart Spot… 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.
