“¢ The pair’s goodish recovery move from YTD lows stalls near a confluence resistance, comprising of 200-hour SMA and 50% Fibonacci of the 1.3363-1.2957 recent downfall. “¢ Meanwhile, technical indicators on the hourly chart continue to hold in positive territory and might attract some dip-buying interest at lower levels. “¢ However, a convincing break below 1.3080-75 support area would mark the end of a corrective bounce and negate prospects for any further recovery in the near-term. GBP/USD 1-hourly chart Spot rate: 1.3120 Daily High: 1.3158 Trend: Neutral Resistance R1: 1.3158 (current day swing high) R2: 1.3186 (20-day SMA) R3: 1.3200 (round figure mark) Support S1: 1.3085 (100-period SMA H1) S2: 1.3037 (S1 daily pivot-point) S3: 1.3000 (psychological round figure mark) 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 EUR/USD Technical Analysis: the base of the cloud still caps the upside. Squeeze higher could test 1.1790. FX Street 5 years "¢ The pair's goodish recovery move from YTD lows stalls near a confluence resistance, comprising of 200-hour SMA and 50% Fibonacci of the 1.3363-1.2957 recent downfall. "¢ Meanwhile, technical indicators on the hourly chart continue to hold in positive territory and might attract some dip-buying interest at lower levels. "¢ However, a convincing break below 1.3080-75 support area would mark the end of a corrective bounce and negate prospects for any further recovery in the near-term. GBP/USD 1-hourly chart Spot rate: 1.3120 Daily High: 1.3158 Trend: Neutral Resistance R1: 1.3158 (current day swing… 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.
