- GBP/USD is consolidating after it broke from a bull flag pattern (blue dotted lines).
- GBP/USD is finding support above the 1.3000 figure as the market is creating a small triangle compression pattern (orange dotted lines).
- Bulls objective is to break above 1.3100 to reach 1.3200 figure. A break below 1.3000 would likely invalidate the current bullish bias.
Spot rate: 1.3073
Relative change: -0.12%
High: 1.3106
Low: 1.3033
Main trend: Bullish
Resistance 1: 1.3100 figure
Resistance 2: 1.3150 September 21 low
Resistance 3: 1.3200 figure
Support 1: 1.3050 August 30 swing high, key level
Support 2: 1.3028 October 8 low
Support 3: 1.3000 figure
Support 4: 1.2957 July 19 swing low
Support 5: 1.2900 figure