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GBP/USD Technical Analysis: Currently supported at 1.3000 handle post NFP

  • GBP bulls are currently supporting the market in the 1.3300 region as investors are adjusting their trading positions after the release of the Nonfarm Payrolls and wage’s growth data in the US.
  • GBP/USD is trading below its 50, 100 and 200-period simple moving averages on the 4-hour time frame suggesting that the bear bias of the last weeks remains in place.

GBP/USD 15-minute chart 

Spot rate:                1.3325
Relative change:    0.20%     
High:                        1.3338
Low:                         1.3253

Trend:                      Bearish

Support 1:              1.3300 handle
Support 2:              1.3253 current Friday’s low
Support 3:              1.3205 figure and 2018 low

Resistance 1:        1.3349 current Thursday’s high
Resistance 2:        1.3400 handle and near May 24 high
Resistance 3:        1.3450 May 22 high 

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