- GBP/USD reversed all its losses made previously on Friday and is set to end the day 0.22% in the green.
- GBP/USD has cleared the 1.3200 resistance and is less than 20 pips away from the 1.3250 resistance.
- The 50-period simple period moving average is about to cross above the 100-period SMA suggesting that bullish momentum is building up. Next week bulls will set their eyes on the 1.3300 figure and 1.3363 the current weekly high.
Spot rate: 1.3234
Relative change: 0.22%
Resistance 1: 1.3250 June 4 high
Resistance 2: 1.3300 figure
Resistance 3: 1.3363 weekly high
Resistance 4: 1.3400 figure
Resistance 5: 1.3472 June’s high
Support 1: 1.3200 figure
Support 2: 1.3155 former breakout point
Support 3: 1.3100 figure
Support 4: 1.3049 current 2018 low
Support 5: 1.3027 October 6, 2017 swing low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.