![(29 MAY 2017)GBP / USD:Heading towards support at 1.2757. (29 MAY 2017)GBP / USD:Heading towards support at 1.2757.](https://c.mql5.com/6/776/splash-696468.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Heading towards support at 1.2757.
• GBP/USD is trading lower. Hourly resistance
lies at 1.3048 (18/05/2017 high). Hourly support
given at 1.2831 (04/05/2017 low) has been
broken. The pair is heading towards stronger
support at 1.2757 (21/04/2017 low). An unlikely
break of this last support would indicate further
weakness. Expected to show renewed bullish
pressures.
• The long-term technical pattern is even more
negative since the Brexit vote has paved the way
for further decline. Long-term support given at
1.0520 (01/03/85) represents a decent target.
Long-term resistance is given at 1.5018
(24/06/2015) and would indicate a long-term
reversal in the negative trend. Yet, it is very
unlikely at the moment.
(By Yann Quelenn )