GBP/USD stablising, heading back to the 200-hr SMA. Dollar’s advance stalling, US yields lower. GBP/USD is stabalising on the 1.32 handle after meeting a recent low of 1.3200 on broad dollar strength as the NY session goes by. Currently, GBP/USD is trading at 1.3214 from a high of 1.3285. The pair is now up testing the 200-hr SMA in the correction, located at 1.3222 as the dollar runs out of steam within the range of 94.0910-94.7690 in the DXY, +0.63% on the day so far. As for US yields are also falling off their highs between the 2.82-2.86% range, -0.19% at 2.84% and this is also indicating a respite in the dollar’s advance today. Cable had been on a recovery yesterday and into the Asian session, eyes on Brexit Cable had been on a recovery yesterday and into the Asian session, a move aided by positive M&A news with Fox agreeing to buy Sky and angst over Brexit declined after traders presume a soft Brexit on May’s plan that was welcome by Merkle., calling it a “solid step forward”, although she also added that “we’ll continue to have lively discussions (on the proposals)”. However, Bloomberg cited sources that noted EU diplomats have not fully started going through the UK plans yet. The Irish PM Varadkar was upbeat noting that the EU may be “entering into a space” where it can show flexibility in Brexit talks. GBP/USD levels To the downside, the 10-D SMA holds at 1.3202 and the price remains above the descending channel’s prior resistance. On a breakdown back into the channel, the 1.3000’s are open. 1.3040 level, as the Nov 3 low. Deeper, eyes will turn to the 1.29 level. To the upside, the 1.3331 / weekly cloud top level is key ahead of 1.3461/80 that comes before the convergence of the 200-D SMA and 1.3597/1.3600. 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 USD/JPY Technical Analysis: Mission accomplished as bulls reach 112.05 resistance FX Street 4 years GBP/USD stablising, heading back to the 200-hr SMA. Dollar's advance stalling, US yields lower. GBP/USD is stabalising on the 1.32 handle after meeting a recent low of 1.3200 on broad dollar strength as the NY session goes by. Currently, GBP/USD is trading at 1.3214 from a high of 1.3285. The pair is now up testing the 200-hr SMA in the correction, located at 1.3222 as the dollar runs out of steam within the range of 94.0910-94.7690 in the DXY, +0.63% on the day so far. As for US yields are also falling off their highs between the 2.82-2.86% range, -0.19%… Top 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.