- The Sterling-Dollar pairing is looking for more bullish momentum despite the US Dollar's broad-market bull moves recently.
- The GBP/USD remains trapped under July's peaks and the 200-day EMA, but bulls have managed to push the pair into a firm bullish correction, breaking above the 50-day EMA.
- The 21, 50, and 200 day EMAs remain locked in a bearish setup, and short-sellers will likely be waiting just above.
|Support 1||1.3013 (200-hour EMA)|
|Support 2||1.2922 (61.8% Fibo retracement level)|
|Support 3||1.2785 (two-week low)|
|Resistance 1||1.3143 (previous week high)|
|Resistance 2||1.3213 (August 26th swing high)|
|Resistance 3||1.3296 (200-day EMA)|
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