GBP/USD is under heavy bearish pressure challenging the December lows. The level to beat for bears is the 1.2900 support. GBP/USD daily chart After the October and December bullish impulses, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The NFP came in better than expected at 225K vs 160K forecast by analysts; giving an extra boost to USD. GBP/USD four-hour chart GBP/USD is under bearish pressure as the spot is trying to break the 1.2900 figure. A break below the above-mentioned level can lead to further weakness towards the 1.2829 figure and the 1.2829 level. Resistances are seen near the 1.2938, 1.2972 level and 1.3000 figure, according to the Technical Confluences Indicator. Resistance: 1.2938, 1.2972, 1.3000 Support: 1.2900, 1.2829, 1.2750 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 Atlanta Fed’s GDPNow drops to 2.7% from 2.9% for first quarter of 2020 FX Street 2 years GBP/USD is under heavy bearish pressure challenging the December lows. The level to beat for bears is the 1.2900 support. GBP/USD daily chart After the October and December bullish impulses, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The NFP came in better than expected at 225K vs 160K forecast by analysts; giving an extra boost to USD. GBP/USD four-hour chart GBP/USD is under bearish pressure as the spot is trying to break the 1.2900 figure. A break below the above-mentioned level can lead to further weakness towards the 1.2829… 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.
