GBP/USD gained about 80 pips this Friday as the bulls managed to break above the 1.3100 level. Short-term momentum appears to have switched to bullish as GBP/USD is trading well-above all its main simple moving averages. Support is likely located near 1.3049 June 28 low and a bear breakout below the level would be seen as a sign of bullish weakness and a potential resumption of the bear trend. Resistances to the upside are seen near 1.3155 and the 1.3200 figure. GBP/USD 15-minute chart Spot rate: 1.3103 Relative change: 0.66% High: 1.3117 Low: 1.2995 Trend: Bearish / Bullish correction Resistance 1: 1.3100 figure Resistance 2: 1.3155 former breakout pointResistance 3: 1.3200 figure Support 1: 1.3049 June 28 low Support 2: 1.3010 July 18 low Support 3: 1.2957 current 2018 low Support 4: 1.2908 September 5, 2017 low Support 5: 1.2774 August 24, 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 Gold rebounds to $1230 as Wall Street opens in red and USD suffers losses FX Street 5 years GBP/USD gained about 80 pips this Friday as the bulls managed to break above the 1.3100 level. Short-term momentum appears to have switched to bullish as GBP/USD is trading well-above all its main simple moving averages. Support is likely located near 1.3049 June 28 low and a bear breakout below the level would be seen as a sign of bullish weakness and a potential resumption of the bear trend. Resistances to the upside are seen near 1.3155 and the 1.3200 figure. GBP/USD 15-minute chart Spot rate: 1.3103 Relative change:… 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.
