Sterling running out of bullish feelings as the GBP/USD continues to drop away from the week’s high. Hourly indicators have been lifting towards midpoints, but little upwards momentum has been seen, a reloaded short push for Wednesday looking likely. Short traders should keep a cautious eye out for today’s speech from the BoE’s Carney, Financial Stability Report could deliver a hawkish tone. GBP/USD Chart, 1-Hour Spot rate: 1.3226 Relative change: 0.08% High: 1.3230 Low: 1.3210 Trend: Bearish Support 1: 1.3192 (current week low) Support 2: 1.3183 (61.8% one week Fibo level) Support 3: 1.3101 (major technical bottom) Resistance 1: 1.3314 (previous week high) Resistance 2: 1.3381 (R3 daily pivot) Resistance 3: 1.3291 (current week high) 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 EUR/USD: 2 Reasons Why Shorts Not A Safe Bet Amidst The Global Trade War – Credit Agricole Yohay Elam 5 years Sterling running out of bullish feelings as the GBP/USD continues to drop away from the week's high. Hourly indicators have been lifting towards midpoints, but little upwards momentum has been seen, a reloaded short push for Wednesday looking likely. Short traders should keep a cautious eye out for today's speech from the BoE's Carney, Financial Stability Report could deliver a hawkish tone. GBP/USD Chart, 1-Hour Spot rate: 1.3226 Relative change: 0.08% High: 1.3230 Low: 1.3210 Trend: Bearish Support 1: 1.3192 (current week low) Support 2: 1.3183 (61.8% one week… 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.
