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  • GBP/USD has found intraday support above the 1.3221 level and the bulls are now currently capped by the 1.3300 figure resistance.  
  • GBP/USD made a false bear breakout as it almost reached the 1.3200 level in early Europe by reaching the 1.3221 level.  
  • A breakout above 1.3300 might lead to a move towards the 1.3350 previous supply/demand level while a failure at 1.3300 can lead to a retest of the 1.3260 level, the 200-period simple moving average on the 15-minute chart.  

GBP/USD 15-minute chart

Spot rate:               1.3278
Relative change:    0.10%      
High:                      1.3291
Low:                       1.3221

Trend:                    Bullish

Resistance 1:        1.3300 key support    
Resistance 2:        1.3350 supply/demand level
Resistance 3:        1.3400 figure

Support 1:             1.3260, 200-period SMA (15m)
Support 2:             1.3200-1.3221 area, figure and current Monday’s low  
Support 3:             1.3146, current 2018 low