GBP/USD Technical Analysis: Symmetrical Triangle, with support above 1.3240

GBP/USD consolidating above 1.3240, making lower highs and higher lows in the very short-term.
Price holding above an uptrend line that supports upside bias while above 1.3240, a break lower to favor a test of 1.3200.
Immediate resistance at 1.3280: above price likely to challenge 1.3300 and a daily close above the mentioned area to signal more gains ahead.

Matías Salord FXStreet

GBP/USD 15-minute chart

Spot rate: 1.3267
Relative change: 0.06%
High: 1.3302
Low: 1.3223

Trend: Neutral

Resistance 1: 1.3280
Resistance 2: 1.3300
Resistance 3: 1.3353

Support 1: 1.3240
Support 2: 1.3220
Support 3: 1.3200

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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