GBP/USD remains in the red, down -0.3% to 1.2825, while Wednesday’s 4-hour chart is painting a mixed picture. Resistance is seen at 1.2870 whereas support awaits the cable at 1.2805, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD’s positive momentum on the 4-hour chart is diminishing and it continues struggling with the 100 Simple Moving Average. On the other hand, the 50 SMA seems to support cable.” “Support awaits at 1.2805, which was a swing high last week, followed by 1.2765, which cushioned it earlier in the month. The next levels to watch are 1.2710 and 1.2675.” “Resistance is at 1.2870, the daily high, followed by the weekly high of 1.2935. Further above, 1.30 and 1.3040 await GBP/USD.” 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 Germany’s Merkel: We can’t offset all economic impact with state intervention FX Street 2 years GBP/USD remains in the red, down -0.3% to 1.2825, while Wednesday's 4-hour chart is painting a mixed picture. Resistance is seen at 1.2870 whereas support awaits the cable at 1.2805, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD's positive momentum on the 4-hour chart is diminishing and it continues struggling with the 100 Simple Moving Average. On the other hand, the 50 SMA seems to support cable.” “Support awaits at 1.2805, which was a swing high last week, followed by 1.2765, which cushioned it earlier in the month. The next levels to watch are 1.2710 and 1.2675.” “Resistance… 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.
