“¢ Struggled to move back above 200-hour SMA and has now fallen to test a short-term descending trend-channel formation on the 1-hourly chart. “¢ With short-term technical indicators holding in negative territory, a modest rebound, following the release of updated Brexit white paper, might turn out to be short-lived. “¢ Stronger-than-expected US CPI print might trigger a fresh bout of selling and contribute towards confirming a near-term bearish breakdown. GBP/USD 1-hourly chart Spot rate: 1.3192 Daily High: 1.3226 Daily Low: 1.3180 Trend: Bearish below trend-channel support Resistance R1: 1.3226 (current day swing high) R2: 1.3256 (100-period SMA H1) R3: 1.3317 (R2 daily pivot-point) Support S1: 1.3180 (descending trend-channel) S2: 1.3144 (S2 daily pivot-point) S3: 1.3095 (July 2 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 US: Jobless claims and budget in focus – Nomura FX Street 5 years "¢ Struggled to move back above 200-hour SMA and has now fallen to test a short-term descending trend-channel formation on the 1-hourly chart. "¢ With short-term technical indicators holding in negative territory, a modest rebound, following the release of updated Brexit white paper, might turn out to be short-lived. "¢ Stronger-than-expected US CPI print might trigger a fresh bout of selling and contribute towards confirming a near-term bearish breakdown. GBP/USD 1-hourly chart Spot rate: 1.3192 Daily High: 1.3226 Daily Low: 1.3180 Trend: Bearish below trend-channel support Resistance R1: 1.3226 (current day swing high)… 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.
