The GBP/USD pair is starting to erode the near-term downtrend at 1.3821, leaving the focus on the 1.3920 level, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Cable is holding over the nine-month uptrend “GBP/USD stays bid while above the nine-month uptrend line at 1.3653 and has started to erode the 1.3821 resistance line to leave attention on the 1.3920 6th April high.” “Key resistance is seen at 1.4018, the March high and this guards 1.4238/45, the recent high and the March 2018 high.” 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 AUD/USD Price Analysis: Recaptures 50-HMA after bouncing off critical support FX Street 2 years The GBP/USD pair is starting to erode the near-term downtrend at 1.3821, leaving the focus on the 1.3920 level, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Cable is holding over the nine-month uptrend "GBP/USD stays bid while above the nine-month uptrend line at 1.3653 and has started to erode the 1.3821 resistance line to leave attention on the 1.3920 6th April high." "Key resistance is seen at 1.4018, the March high and this guards 1.4238/45, the recent high and the March 2018 high." 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.
