GBP/USD is trading higher on Thursday as the US dollar sells off across the board. There is a resistance zone and a trendline quite close by that the bulls will need to watch out for. GBP/USD Daily Chart Cable is pushing higher today and trades over half a per cent in the black. The price is headed to a resistance zone that is marked in red on the chart at 1.2966. This is interesting as the price broke the consolidation low four sessions ago. There had been rumours that the Bank of England would copy the Fed with an emergency cut but this never transpired. The psychological 1.30 could also be important and I am sure the bulls will be watching these resistances closely. Another sticky point could be the trendline at the top of the chart but the other zones are up first. Additional Levels 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 Senate approves $8.3 billion appropriations to combat coronavirus FX Street 3 years GBP/USD is trading higher on Thursday as the US dollar sells off across the board. There is a resistance zone and a trendline quite close by that the bulls will need to watch out for. GBP/USD Daily Chart Cable is pushing higher today and trades over half a per cent in the black. The price is headed to a resistance zone that is marked in red on the chart at 1.2966. This is interesting as the price broke the consolidation low four sessions ago. There had been rumours that the Bank of England would copy the Fed with an… 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.
