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28 May 2018
GBP/USD Technical Analysis: small rebound from Friday's low as bear trend stays intact
- GBP/USD tested Friday’s low at 1.3293 as bulls attempt the double bottom but bear trend remains strong. Cautious on longs.
- GBP/USD bear trend remains intact. Bears need strong bear breakout below 1.3293 swing low established on May 25.
GBP/USD 15-minute chart
Spot rate: 1.3310
Relative change: 0.00%
High: 1.3342
Low: 1.3296
Trend: Bearish
Support 1: 1.3296 Monday´s low
Support 2: 1.3293 swing low established last Friday (May 25)
Support 3: 1.3220 swing low, November 28, 2017
Resistance 1: 1.3313 New York session resistance
Resistance 2: 1.3330 swing high, last Friday (May 25)
Resistance 3: 1.3350 psychological figure