GBP/USD pick-up bids as US dollar drops across the board with the start of the presidential debate. Bullish MACD, sustained trading beyond 50-bar SMA keep buyers hopeful. Sellers will have extra challenge near 1.2775/70 area. GBP/USD picks up bids around 1.2865/70 during the early Wednesday. The pair recently gained from the USD weakness during the first face-off between US President Donald Trump and his election rival Joe Biden. Read: Four more years or time for change? – Live coverage Even so, buyers are waiting for a clear break above the 100-bar SMA level of 1.2865 to attack the 1.2900 threshold. Also acting as an immediate upside barrier is the weekly top near 1.2930. Should the bulls manage to conquer 1.2930, September 16 peak close to the 1.30000 psychological magnet will be the key to watch. On the flip side, GBP/USD sellers will have to crack 50-bar SMA support of 1.2809 to revisit multiple support zone near 1.2775/70, comprising lows and highs marked since September 11. In a case where the bears keep the throne after 1.2770, the monthly low of 1.2675 will be in the spotlight. GBP/USD four-hour chart Trend: Further recovery expected 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 US Election Debate: COVID-19 is a heated phase of the event, US dollar under pressure FX Street 2 years GBP/USD pick-up bids as US dollar drops across the board with the start of the presidential debate. Bullish MACD, sustained trading beyond 50-bar SMA keep buyers hopeful. Sellers will have extra challenge near 1.2775/70 area. GBP/USD picks up bids around 1.2865/70 during the early Wednesday. The pair recently gained from the USD weakness during the first face-off between US President Donald Trump and his election rival Joe Biden. Read: Four more years or time for change? – Live coverage Even so, buyers are waiting for a clear break above the 100-bar SMA level of 1.2865 to attack the 1.2900 threshold.… 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.
