Bears are in the lead after GBP/USD slipped below the uptrend support line that accompanied it since late last week, FXStreet’s analyst Yohay Elam reports. Key quotes “Several days of range-trading have stabilized both the Relative Strength Index and momentum on the four-hour chart. The cable is trading above the 50 and 100 Simple Moving Averages but below the 200 SMA.” “Support awaits at 1.2325, which was was a cushion earlier this week. It is followed by 1.2250, a swing low from earlier this week.” “Resistance awaits at 1.2450, which held cable temporarily down during this week. It is followed by the stubborn resistance line of 1.2490.” 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 Ethereum Price Analysis: ETH/USD needs to retest $140.00 before another attempt at $150.00 FX Street 2 years Bears are in the lead after GBP/USD slipped below the uptrend support line that accompanied it since late last week, FXStreet’s analyst Yohay Elam reports. Key quotes “Several days of range-trading have stabilized both the Relative Strength Index and momentum on the four-hour chart. The cable is trading above the 50 and 100 Simple Moving Averages but below the 200 SMA.” “Support awaits at 1.2325, which was was a cushion earlier this week. It is followed by 1.2250, a swing low from earlier this week.” “Resistance awaits at 1.2450, which held cable temporarily down during this week. It is followed… 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.
