GBP/USD is losing steam as the market is challenging the 1.3000 figure. Bears are eyeing the 1.2976 and 1.2930 levels on the way down. GBP/USD daily chart After the October and December bull-market, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The pound is easing while below the 1.3100 figure and the 50 SMA. GBP/USD four-hour chart The pound is challenging the 1.3000 support while trading below its 100/200 SMAs on the four-hour chart. A break below the above-mentioned level could lead to further downside towards the 1.2976 and 1.2930 support levels, according to the Technical Confluences Indicator. On the flip side, bullish attempts could find resistance near the 1.3030, 1.3075 and 1.3160 levels. Resistance: 1.3030, 1.3075, 1.3160 Support: 1.3000, 1.2976, 1.2930 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 WTI registers small daily gains above $52 following last week’s rebound FX Street 2 years GBP/USD is losing steam as the market is challenging the 1.3000 figure. Bears are eyeing the 1.2976 and 1.2930 levels on the way down. GBP/USD daily chart After the October and December bull-market, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The pound is easing while below the 1.3100 figure and the 50 SMA. GBP/USD four-hour chart The pound is challenging the 1.3000 support while trading below its 100/200 SMAs on the four-hour chart. A break below the above-mentioned level could lead to further downside towards the 1.2976 and 1.2930… 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.
