GBP/USD refreshes session tops, above mid-1.2900s, as Monday’s 4-hour chart is painting a moderately-bullish picture, FXStreet’s analyst Yohay Elam reports. Key quotes “GBP/USD is benefiting from upside momentum on the 4-hour chart and trading above the 50 and 100 Simple Moving Averages. While it is pressured under the 200 SMA, the general picture is bullish.” “Some resistance awaits at 1.2975, last week’s high, followed by 1.30 – a psychologically significant level which also capped GBP/USD during September. It is followed by 1.3050.” “Support is at the daily low of 1.29, followed by 1.2840, which was a swing low last week. Next, 1.28 is a strong support line, after separating ranges in late September.” 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 Silver Price Analysis: XAG/USD awaits a sustained break above $24 FX Street 2 years GBP/USD refreshes session tops, above mid-1.2900s, as Monday's 4-hour chart is painting a moderately-bullish picture, FXStreet’s analyst Yohay Elam reports. Key quotes “GBP/USD is benefiting from upside momentum on the 4-hour chart and trading above the 50 and 100 Simple Moving Averages. While it is pressured under the 200 SMA, the general picture is bullish.” “Some resistance awaits at 1.2975, last week's high, followed by 1.30 – a psychologically significant level which also capped GBP/USD during September. It is followed by 1.3050.” “Support is at the daily low of 1.29, followed by 1.2840, which was a swing low last week.… 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.
