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Trading news
31 May 2018
GBP/USD
- Sterling lifting on global risk recovery, but technicals are leaning bearish.
- mid-week trendline could lead to a break and further downside.
- GBP/USD has failed to initiate a technical correction from April decline.
GBP/USD chart, 15-Minute
Spot rate: 1.3300
Relative change: 0.14%
Trend: Bearish
Support 1: 1.3283 (38.2% 1-Day Fibonacci)
Support 2: 1.3264 (Kijun-sen)
Support 3: 1.3204 (May 29th low point)
Resistance 1: 1.3346 (R2 1-Day pivot)
Resistance 2: 1.3370 (38.2% 1-Week Fibonacci)
Resistance 3: 1.3420 (May 24th swing high)