GBP/USD Technical Analysis: bulls looking for one more run at 1.33

The GBP/USD is trapped in a tight range heading into Friday's London market session after seeing firm gains through Thursday's trading action, busting through the 1.3200 technical level as broader markets recover from recent trade war angst.
The economic calendar is on the lean side for Friday, and buyers will be looking to see if the recent bullish moves are able to sustain themselves long enough to make a play for the 1.33 level before the week wraps up, though the 200-day EMA currently parked near 1.33 will be giving any further upside action a run for the money.

Joshua Gibson FXStreet

GBP/USD Chart, 15-Minute

Spot rate	1.3272
Relative change(current week)	+1.58%
Week high	1.3298
Week low	1.3066

Support 1	1.3214 (50-hour EMA)
Support 2	1.3135 (Thursday low)
Support 3	1.3118 (200-hour EMA)

Resistance 1	1.3300 (major technical level)
Resistance 2	1.3362 (July 9th swing high)
Resistance 3	1.3472 (June peak)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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