- GBP/USD is consolidating below the 1.3100 figure after breaking out of the bull flag (blue dotted lines).
- GBP/USD is likely to continue consolidating in a sideways motion between 1.2957 and 1.3100.
- GBP/USD is trading above its 200-period simple moving average as the bullish bias remains intact.
Spot rate: 1.3059
Relative change: -0.45%
High: 1.3134
Low: 1.3028
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: 1.3000 figure
Support 3: 1.2957 July 19 swing low
Support 4: 1.2900 figure