Technical Analysis GBPUSD 9-8

Technical Analysis GBPUSD 9-8

GBPUSD made a break of the 100 hour MA to the downside and is moving away. The next target comes below 1.33 at 1.3296 which is the 38.2% of the move up from the August 29th low. The 1.3250 area is a confluence area where the 50% retracement, 200 hour MA and the low from Sept 2 all come together. The first support comes at 1.3309 and the second at 1.3296.

Resistance 1: 1.3357

Resistance 2: 1.3382

Resistance 3: 1.3405

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