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Fresh Highs

GBPUSD TECHS
  • RES 4: 1.3514 High Dec 13 and a key resistance
  • RES 3: 1.3482 High Sep 1 and the bull trigger
  • RES 2: 1.3403 High Sep 2
  • RES 1: 1.3357 High Sep 3
  • PRICE: 1.3328@ 06:05 GMT Nov 23
  • SUP 1: 1.3196 Low Nov 19
  • SUP 2: 1.3150 20-day EMA
  • SUP 3: 1.3106 Low Nov 12 and key near-term support
  • SUP 4: 1.3093 Low Nov 6

GBPUSD is trading higher and maintains a bullish tone with price clearing resistance at 1.3312, high Nov 11 and 18. The move higher confirms an extension of the bullish condition that has dominated since Sep 23. This has opened 1.3357, Sep 3 high and the 1.3400 handle. Moving average studies remain in a bull mode condition reinforcing current conditions. On the downside, support is seen at 1.3196, Nov 19 low.

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