GBP/USD Technical Analysis: Falling wedge breakout
|- The GBP/USD hourly chart shows a falling wedge breakout, adds credence to a bullish divergence of the 14-day relative strength index (RSI).
- The pair could test supply around the 30-day moving average (MA) hurdle of 1.3275.
Hourly chart
Spot Rate: 1.32
Daily High: 1.3216
Daily Low: 1.3188
Trend: Bullish
R1: 1.3275 (30-day MA)
R2: 1.3315 (June 22 high)
R3: 1.3162 (50-day MA)
Support
S1: 1.3191 (200-hour MA)
S2: 1.3163 (50-hour MA)
S3: 1.3145 (100-hour MA)
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