GBP/USD found some resistance near the 1.3145 level as GBP/USD is in its fourth day of consolidation. Bulls objective is to breakout above 1.3200 figure if they wish to reverse the bear trend and start a bullish one. On the other hand, bears need a strong bear breakout below 1.3100 in order to resume the multi-month bear trend. In the near-term bulls have a small advantage as long as GBP/USD stays above the 1.3100 level. The Fed’s Monetary Policy Statement is set to be released at 18:00 GMT. The event usually leads to volatility in the market. GBP/USD 15-minute chart Spot rate: 1.3119 Relative change: -0.04% High: 1.3145 Low: 1.3095 Trend: Bearish / Bullish above 1.3200 Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figure Resistance 3: 1.3230 supply levelResistance 4: 1.3250 June 4 high Support 1: 1.3100-1.3076 area, figure and weekly low Support 2: 1.3049 June 28 low Support 3: 1.3010 July 18 low Support 4: 1.2957 current 2018 low Support 5: 1.2908 September 5, 2017 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 Litecoin Technical Analysis: LTC/USD bearish pennant has take shape, as bears close to another possible break and drive to test vital near-term support FX Street 5 years GBP/USD found some resistance near the 1.3145 level as GBP/USD is in its fourth day of consolidation. Bulls objective is to breakout above 1.3200 figure if they wish to reverse the bear trend and start a bullish one. On the other hand, bears need a strong bear breakout below 1.3100 in order to resume the multi-month bear trend. In the near-term bulls have a small advantage as long as GBP/USD stays above the 1.3100 level. The Fed's Monetary Policy Statement is set to be released at 18:00 GMT. The event usually leads to volatility in the market. GBP/USD 15-minute chart… 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.
