GBP/USD is under heavy bearish in the lower end of its 2-month range. The level to beat for sellers is the 1.2938 support. GBP/USD daily chart After the October and December bullish markets, GBP/USD is trading in a rectangle consolidation above its 100/200-day simple moving averages (SMAs). GBP/USD four-hour chart GBP/USD is under heavy selling pressure as bears are attacking the 1.2938 support. A break below the above-mentioned level could lead to further weakness towards the 1.2900 figure and the 1.2829 level. Resistances are seen at the 1.2972 level and 1.3000 figure, according to the Technical Confluences Indicator. Resistance: 1.2972, 1.3000, 1.3040 Support: 1.2938, 1.2900, 1.2829 Additional key 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 Fed’s Kaplan: Base case is still no need to change rates through 2020 FX Street 2 years GBP/USD is under heavy bearish in the lower end of its 2-month range. The level to beat for sellers is the 1.2938 support. GBP/USD daily chart After the October and December bullish markets, GBP/USD is trading in a rectangle consolidation above its 100/200-day simple moving averages (SMAs). GBP/USD four-hour chart GBP/USD is under heavy selling pressure as bears are attacking the 1.2938 support. A break below the above-mentioned level could lead to further weakness towards the 1.2900 figure and the 1.2829 level. Resistances are seen at the 1.2972 level and 1.3000 figure, according to the Technical… 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.
