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Bouncing Well

GBPUSD TECHS
  • RES 4: 1.3773 High May 1, 2018
  • RES 3: 1.3712 Low Mar 1, 2018
  • RES 2: 1.3704 High Jan 4
  • RES 1: 1.3636 High Jan 8
  • PRICE: 1.3622 @ 16:39 GMT Jan 12
  • SUP 1: 1.3452 Low Jan 11
  • SUP 2: 1.3430 Low Dec 28
  • SUP 3: 1.3393 50-day EMA
  • SUP 4: 1.3304 Low Dec 22

GBPUSD bounced well after a weak Monday session, rallying to touch 1.3632 on the rebound. This retains the underlying bullish condition. Price needs to trade above Friday's 1.3636 high to refocus attention on last week's high of 1.3704. Attention is on support at 1.3430, Dec 28 low and 1.3393, the 50-day EMA. On the upside,

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