Search ForexCrunch

   “¢   Hawkish BoE vote split triggers an aggressive GBP short-covering rally across the board and helps the pair to stage a solid rebound from the 1.3100 handle.

   “¢   A follow-through buying should continue boosting the pair towards 50% Fibonacci retracement level of the 1.3447-1.3102 recent downfall.  

GBP/USD 1-hourly chart

Current Price: 1.3200
Daily Low: 1.3102
Trend: Bullish

Resistance
R1: 1.3232 (38.2% Fibo. level)
R2: 1.3259 (200-period SMA H1)
R3: 1.3280 (weekly high set on Monday)

Support
S1: 1.3183 (23.6% Fibo. level)
S2: 1.3140 (S1 daily pivot-point)
S3: 1.3102 (current day swing low)