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  • The Sterling is looking for higher gains as Brexit hopes push traders into the bullish camp.
  • With trade wars beginning to ramp-up, buying pressure  is going to face severe headwinds.
  • The economic calendar remains thin until Wednesday’s inflation reading for the UK, leaving buyers to look up towards the 200-day EMA slung high above current prices.

GBP/USD Chart, 15-Minute

Spot rate 1.3153
Relative change Negligible
High 1.3163
Low 1.3140
   
Trend Sideways to bullish
   
Support 1 1.3066 (previous day low)
Support 2 1.3040 (200-hour EMA)
Support 3 1.3029 (50-day EMA)
   
Resistance 1 1.3165 (previuos day high)
Resistance 2 1.3213 (July 26th swing high)
Resistance 3 1.3296 (200-day EMA)

 

Expert score

5

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