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10 Jul 2018

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. 

GBP/USD 15-minute chart

 GBP/USD

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

Jul 10, 2018

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