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Trading news
1 Jun 2018
GBP/USD Technical Analysis: Bulls still on the sidelines ahead of US NFP
- Technicals leaning oversold following Sterling drop in Asia session.
- Sterling still favors selling off, gains remain limited.
- Market sentiment is cautious ahead of Friday's Non-Farm Payrolls risk event.
GBP/USD chart, 15-minute
Spot rate: 1.3263
Relative change: -0.22%
Today's high: 1.3300
Today's low: 1.3257
Trend: bearish
Support 1: 1.3257 (current Friday's low)
Support 2: 1.3204 ((May 29th low, six-month low)
Support 3: 1.3167 (1-Week S2 pivot)
Resistance 1: 1.3322 (1-Day 38./2% Fibonacci level)
Resistance 2: 1.3283 (50-period exponential moving average)
Resistance 3: 1.3300 (current Friday high, major psychological handle)