The GBP/USD pair is gaining 0.17% at 1.3095 as Tuesday’s 4-hour chart is showing cable continuing trading in an uptrend channel. Initial resistance awaits at 1.3105, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD is trading within an uptrend channel but remains capped below the 50 Simple Moving Average on the 4-hour chart and momentum remains to the downside.” “The uptrend support line awaits at 1.3025, and it is followed by 1.3005, the weekly low. August’s trough of 1.2985 and 1.29 are next.” “Resistance is at 1.3105, which was Monday’s high, followed by 1.3170, a peak in late July. August’s peak of 1.3183 and 1.32 are next.” 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 New Zealand reports first COVID-19 cases in 102 days, NZD/USD pressured FX Street 2 years The GBP/USD pair is gaining 0.17% at 1.3095 as Tuesday's 4-hour chart is showing cable continuing trading in an uptrend channel. Initial resistance awaits at 1.3105, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD is trading within an uptrend channel but remains capped below the 50 Simple Moving Average on the 4-hour chart and momentum remains to the downside.” “The uptrend support line awaits at 1.3025, and it is followed by 1.3005, the weekly low. August's trough of 1.2985 and 1.29 are next.” “Resistance is at 1.3105, which was Monday's high, followed by 1.3170, a peak in late… 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.
