# GBP/USD Rising Channel Still Intact (May 13, 2013) Source: https://www.tradersway.com/resources/market-info/gbp-usd-rising-channel-still-intact-may-13-2013/ Language: en Updated: 2013-05-13 Description: Explore GBP/USD Rising Channel Still Intact (May 13, 2013). GBP/USD. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBP/USD had a strong selloff towards the end of the previous week when the U.S. Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support at the bottom of the rising channel on the 4-hour time frame. ![GBP/USD Rising Channel Still Intact (May 13, 2013)] This channel support could be a key area for the week, as it is in line with the 1.5350 minor psychological support level. A breakdown from this area would confirm the start of a downtrend for GBP/USD. On the other hand, a bounce from this area, which could be triggered by a strong UK claimant count change release or upbeat remarks from BOE Governor King midweek, could push GBP/USD back to the top of the channel around 1.5600. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbp-usd-rising-channel-still-intact-may-13-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/gbp-usd-rising-channel-still-intact-may-13-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbp-usd-rising-channel-still-intact-may-13-2013/", "headline": "GBP/USD Rising Channel Still Intact (May 13, 2013)", "inLanguage": "en", "datePublished": "2013-05-13T10:15:00+00:00", "dateModified": "2013-05-13T10:15:00+00:00", "articleSection": "Market Info", "description": "Explore GBP/USD Rising Channel Still Intact (May 13, 2013). 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