GBP/USD prints mild gains, up 0.20% on a day to 1.3077, while Monday’s 4-hour chart is showing the cable is at the bottom of the uptrend channel, FXStreet’s analyst Yohay Elam reports. Key quotes “GBP/USD is trading in an uptrend channel, setting higher highs and higher lows. However, the downdrift toward the bottom of the range has resulted in losing momentum on the 4-hour chart, as well as the 50 Simple Moving Average.” “The uptrend support line is at 1.3025 at the time of writing, nearly converging with Friday’s low. The next cushion is at 1.2985, followed by 1.29 and 1.2845.” “Resistance is at 1.3085, the daily high, followed by 1.3115 and 1.3170, before August’s high of 1.3183.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD consolidates the bounce around $2030 amid US-China woes FX Street 2 years GBP/USD prints mild gains, up 0.20% on a day to 1.3077, while Monday's 4-hour chart is showing the cable is at the bottom of the uptrend channel, FXStreet’s analyst Yohay Elam reports. Key quotes “GBP/USD is trading in an uptrend channel, setting higher highs and higher lows. However, the downdrift toward the bottom of the range has resulted in losing momentum on the 4-hour chart, as well as the 50 Simple Moving Average.” “The uptrend support line is at 1.3025 at the time of writing, nearly converging with Friday's low. The next cushion is at 1.2985, followed by 1.29 and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
