GBP/USD started the week by attempting to breakout above last Friday’s high without any success yet Cable is currently in a 40-pip range near the 1.3120 level. GBP/USD received a considerable boost at the end of last week and bulls will try to build on the current momentum. On the other hand, bears are seeing this pullback as a bargain to short from higher prices relative to the 2018 low at 1.2957 Cable bulls objective is to breakout above 1.3155 while bears want a resumption of the main bear trend. As of writing, the bullish correction is slowly losing steam and a bearish breakout below 1.3100 could open the gates to 1.3049. GBP/USD 15-minute chart Spot rate: 1.3117 Relative change: 0.10% High: 1.3159 Low: 1.3113 Trend: Bearish / Bullish correction Resistance 1: 1.3155 former breakout point Resistance 2: 1.3200 figureResistance 3: 1.3250 June 4 high Support 1: 1.3100 figure 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 Support 6: 1.2774 August 24, 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 EUR/JPY Technical Analysis: support found at the 21-day SMA just around 129.90. FX Street 5 years GBP/USD started the week by attempting to breakout above last Friday's high without any success yet Cable is currently in a 40-pip range near the 1.3120 level. GBP/USD received a considerable boost at the end of last week and bulls will try to build on the current momentum. On the other hand, bears are seeing this pullback as a bargain to short from higher prices relative to the 2018 low at 1.2957 Cable bulls objective is to breakout above 1.3155 while bears want a resumption of the main bear trend. As of writing, the bullish correction is slowly losing steam… 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.
