Back
6 Sep 2018
GBP/USD Technical Analysis: hanging off of 1.29 with US NFP approaching
- A boosted Sterling on hopes of a successful Brexit negotiation is hanging steady in an elevated position as Pound traders await a reason to keep buying.
- US data will be capping off the week with jobless claims and PMIs on Thursday ahead of another NFP Friday.
- 1.29 to be a critical level for the GBP/USD heading into the end of the week.
GBP/USD Chart, 15-Minute
| Spot rate: | 1.2911 |
| Relative change: | 0.07% |
| High: | 1.2927 |
| Low: | 1.2901 |
| Support 1: | 1.2900 (major technical level) |
| Support 2: | 1.2783 (current week low) |
| Support 3: | 1.2661 (major technical bottom) |
| Resistance 1: | 1.2927 (current day high) |
| Resistance 2: | 1.2982 (current week high) |
| Resistance 3: | 1.3000 (major technical level) |