GBP/USD bullish recovery remains intact despite the small dip to the 1.2500 figure. The level to beat for bulls is the 1.2600 resistance. GBP/USD daily chart GBP/USD is dipping down while rejecting the 1.2600 figure and the 200 SMA on the daily chart. GBP/USD four-hour chart The cable is trading above its main SMAs on the four-hour chart suggesting a positive bias in the medium-term. The spot is bouncing from the 1.2500 figure as the market retains its bullishness still making higher highs and lows. However, bulls would need a daily close above the 1.2600 figure en route to the 1.2700 and 1.2800 levels on the way up. On the flip side, support is expected to emerge near the 1.2500 and 1.2400 level near the 50/200 SMAs. Resistance: 1.2600, 1.2700, 1.2800 Support: 1.2500, 1.2400, 1.2300 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 XRP Price Analysis: XRP/USD price pressures tilted to the downside underneath $0.2000 FX Street 2 years GBP/USD bullish recovery remains intact despite the small dip to the 1.2500 figure. The level to beat for bulls is the 1.2600 resistance. GBP/USD daily chart GBP/USD is dipping down while rejecting the 1.2600 figure and the 200 SMA on the daily chart. GBP/USD four-hour chart The cable is trading above its main SMAs on the four-hour chart suggesting a positive bias in the medium-term. The spot is bouncing from the 1.2500 figure as the market retains its bullishness still making higher highs and lows. However, bulls would need a daily close above the 1.2600 figure… 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.
