FX & CFD trading involves significant risk
12:00 Tech on GBP/USD
Resistance 3: $ 1.5840 (resistance line from the intersection of January 28 and 30, and January 2 and February 1)
Resistance 2: $ 1.5780/90 (MA (100) and MA (200) for H1)
Resistance 1: $ 1.5741 (session high)
Current price: $ 1.5718
Support 1: $ 1.5693 (session low)
Support 2: $ 1.5673 (January 28 low)
Support 3: $ 1.5635 (August 15 low)
Comments: As the graph shows, the exchange rate rose slightly today, but in spite of this, the probability of a small drop remains. That option is pair falling to $ 1.5673, and therefore the figure formed a "double bottom", and then begin the upward movement.
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