HomeContributorsTechnical AnalysisGBPUSD 1.3180 Strong Resistance

GBPUSD 1.3180 Strong Resistance

The British pound is struggling to move above the 1.3180 level against the US dollar as traders await the latest Brexit developments coming from UK Parliament. The 1.3100 support area offers the strongest form of intraday support before the bottom of the triangle pattern, at 1.3050. Traders should note that the top of the triangle pattern on the four-hour time frame is currently located at the 1.3200 level.

The GBPUSD pair is bullish while trading above the 1.3180 level, key resistance is found at the 1.3200 and 1.3270 levels.

If the GBPUSD pair trades below the 1.3150 level, key support is found at the 1.3100 and 1.3055 levels.

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