GBP/USD Technical Analysis: Upside calling
|- The GBP/USD 15-minute chart shows a bull flag breakout, a bullish continuation pattern, which indicates the recovery from the previous day's low of 1.2957 is set to gather pace.
- The pair could re-test June 28 low of 1.3050.
15-minute chart
Spot Rate: 1.3030
Daily High: 1.3030
Daily Low: 1.2995
Trend: Intraday bullish
R1: 1.3050 (June 28 low)
R2: 1.31 (psychological hurdle)
R3: 1.3163 (10-day moving average)
Support
S1: 1.30 (Psychological support + 20-hour MA)
S2: 1.2970 (hourly Bollinger Bands support)
S3: 1.2957 (previous day's low)
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