GBP/USD is trading inside its the previous day’range for the second consecutive day suggesting that the market is on the verge of a breakout. In the broader context, GBP/USD is in a bear trend and has rejected the daily 50-period simple moving average on Monday with a strong 170-pip sell-off, suggesting that the odds are slightly tilted to the downside for the time being. Mark Carney, the Bank of England Governor is set to speak about the global financial crisis at the National Bureau of Economic Research conference in Boston at 15:35 GMT. GBP/USD 15-minute chart Spot rate: 1.3250 Relative change: -0.13% High: 1.3286 Low: 1.3233 Trend: Neutral to bearish Resistance 1: 1.3300 figure Resistance 2: 1.3363 weekly high Resistance 3: 1.3400 figure Resistance 4: 1.3472 June’s high Support 1: 1.3250 June 4 high Support 2: 1.3200 figure Support 3: 1.3155 former breakout point Support 4: 1.3100 figure Support 5: 1.3049 current 2018 low Support 6: 1.3027 October 6, 2017 swing low 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 Long USDCAD into the BoC meeting – TDS FX Street 3 years GBP/USD is trading inside its the previous day'range for the second consecutive day suggesting that the market is on the verge of a breakout. In the broader context, GBP/USD is in a bear trend and has rejected the daily 50-period simple moving average on Monday with a strong 170-pip sell-off, suggesting that the odds are slightly tilted to the downside for the time being. Mark Carney, the Bank of England Governor is set to speak about the global financial crisis at the National Bureau of Economic Research conference in Boston at 15:35 GMT. GBP/USD 15-minute chart Spot rate: … Top 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.
