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. GBP/USD 4-hour chart 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 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 AUD/USD: watching 0.7100/40 upside and 0.7030 to the downside for run to 06970/00 territories FX Street 4 years 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. GBP/USD 4-hour chart Spot rate: 1.3059 Relative change: -0.45% High: 1.3134 Low: … 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.
