GBP/USD nears the September and current December highs which were made at 1.3483 and 1.3540, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “GBP/USD is seeing a strong bounce from the 55-day moving average at 1.3158 and nears the 1.3479/83 September and December 9 highs. Key resistance above this area remains the December 2019 and recent highs at 1.3515/40.” “A drop below the 2020 uptrend line at 1.3142 would negate upside pressure and target 1.2855 November low as well as the 200-day moving average at 1.2759.” 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 XLM Price Prediction: Stellar could dive another 22% after slicing through this crucial support FX Street 2 years GBP/USD nears the September and current December highs which were made at 1.3483 and 1.3540, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “GBP/USD is seeing a strong bounce from the 55-day moving average at 1.3158 and nears the 1.3479/83 September and December 9 highs. Key resistance above this area remains the December 2019 and recent highs at 1.3515/40.” “A drop below the 2020 uptrend line at 1.3142 would negate upside pressure and target 1.2855 November low as well as the 200-day moving average at 1.2759.” 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.
