GBP/USD trades within the upper half of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart stays above 60, reflecting a bullish bias in the near term.
On the upside, 1.3590-1.3600 (multi-year high, static level) aligns as the first resistance area before 1.3700 (static level) and 1.3750 (upper limit of the ascending channel). Looking south, supports could be seen at 1.3520 (mid-point of the ascending channel), 1.3480-1.3470 (50-period Simple Moving Average (SMA), 20-period SMA) and 1.3400 (static level, 100-period SMA).
On the upside, 1.3590-1.3600 (multi-year high, static level) aligns as the first resistance area before 1.3700 (static level) and 1.3750 (upper limit of the ascending channel). Looking south, supports could be seen at 1.3520 (mid-point of the ascending channel), 1.3480-1.3470 (50-period Simple Moving Average (SMA), 20-period SMA) and 1.3400 (static level, 100-period SMA).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.