Short-term oscillators are hanging near their midpoints as GBP buying remains unconvincing. The downward channel remains intact, despite temporary floor found at near-term support above 1.3200 major handle. 50-hour SMA remains firmly bearish, pointed for further declines. GBP/USD chart, 1 Hour Spot rate: 1.3255 Relative change: (-0.42%) Trend: Bearish Support 1: 1.3230 (intraday rejection level) Support 2: 1.3200 (major psychological handle) Support 3: 1.3138 (S2 Daily pivot point) Resistance 1: 1.3280 (1-Day 61.8% Fibonacci level) Resistance 2: 1.3300 (major psychological level) Resistance 3: 1.3340 (last swing 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 OECD’s Gurria: European Central Bank can’t set policy based on daily swings in the market FX Street 5 years Short-term oscillators are hanging near their midpoints as GBP buying remains unconvincing. The downward channel remains intact, despite temporary floor found at near-term support above 1.3200 major handle. 50-hour SMA remains firmly bearish, pointed for further declines. GBP/USD chart, 1 Hour Spot rate: 1.3255 Relative change: (-0.42%) Trend: Bearish Support 1: 1.3230 (intraday rejection level) Support 2: 1.3200 (major psychological handle) Support 3: 1.3138… 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.
