GBP/USD bulls attempted to break Monday’s high at 1.3342 but when the pair reached 1.3349 as the American session started, the bears drove the pair 70 pips lower, virtually erasing all gains made in Asia and early Europe. The bulls are hanging just below the 1.3300 handle supported by the 200-period simple moving average on the 15-minute chart but it remains to be seen if the bulls can actually create a strong support at this level. The current 140-pip move higher from Tuesday is a bear flag in a bear trend, so the risks remains to the downside. GBP/USD 15-minute chart Spot rate: 1.3290 Relative change: 0.02% High: 1.3349 Low: 1.3277 Trend: Bearish Support 1: 1.3242 Wednesday’s low Support 2: 1.3205 figure and 2018 low Support 3: 1.3150 psychological figure Resistance 1: 1.3349 current Thursday’s high Resistance 2: 1.3400 handle and near May 24 high Resistance 3: 1.3450 May 22 high 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 Ethereum price analysis: ETH/USD rejected again by near-term trend line, but breakout higher appears to be pending, with bulls gunning for a reclaim of $600 FX Street 5 years GBP/USD bulls attempted to break Monday's high at 1.3342 but when the pair reached 1.3349 as the American session started, the bears drove the pair 70 pips lower, virtually erasing all gains made in Asia and early Europe. The bulls are hanging just below the 1.3300 handle supported by the 200-period simple moving average on the 15-minute chart but it remains to be seen if the bulls can actually create a strong support at this level. The current 140-pip move higher from Tuesday is a bear flag in a bear trend, so the risks remains to the downside. GBP/USD… 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.
