“¢ The pair caught some bids during the early European session and jumped to fresh session tops in the last hour, albeit lacked any strong follow-through. “¢ The latest leg of a sharp spike lacked any obvious catalyst and could be attributed to some technical buying above a descending trend-line, visible on the shorter timeframe. “¢ The trend-line constituted towards the formation of a symmetrical triangle on the 1-hourly chart and hence, might have negated any near-term bearish outlook. GBP/USD 1-hourly chart Spot rate: 1.3122 Daily High: 1.3139 Daily Low: 1.3096 Trend: Intraday bullish Resistance R1: 1.3138 (100-period SMA H1) R2: 1.3180 (R3 daily pivot-point) R3: 1.3213 (last Thursday’s swing high) Support S1: 1.3096 (current day swing low) S2: 1.3056 (S2 daily pivot-point) S3: 1.3015-10 (horizontal zone) 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 Stellar price analysis: XLM/USD retreats from recent highs, down 3.5% on a daily basis FX Street 5 years "¢ The pair caught some bids during the early European session and jumped to fresh session tops in the last hour, albeit lacked any strong follow-through. "¢ The latest leg of a sharp spike lacked any obvious catalyst and could be attributed to some technical buying above a descending trend-line, visible on the shorter timeframe. "¢ The trend-line constituted towards the formation of a symmetrical triangle on the 1-hourly chart and hence, might have negated any near-term bearish outlook. GBP/USD 1-hourly chart Spot rate: 1.3122 Daily High: 1.3139 Daily Low: 1.3096 Trend: Intraday… 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.
