The GBP/USD pair is flat-lined around mid-1.3000s as Wednesday’s 4-hour chart is painting a mixed picture. Yohay Elam, an analyst at FXStreet, sees first resistance at 1.3070 while notes that the cable held above uptrend support. Key quotes “GBP/USD continues suffering from downside momentum on the 4-hour chart, and trades below the 50 Simple Moving Average. On the other hand, it survived a dip below uptrend support, showing some strength.” “Below that line, 1.3010 provided support a few days ago and provides support. It is followed by 1.2985, August’s trough. The next lines to watch are 1.29 and 1.2845.” “Resistance is at 1.3070, where the 100 SMA hits the price, and then at 1.3135, the weekly high. Further above, 1.3170 and 1.3183 await cable.” 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 UK’s Truss: Positive progress continues to be made in trade talks with the US FX Street 2 years The GBP/USD pair is flat-lined around mid-1.3000s as Wednesday's 4-hour chart is painting a mixed picture. Yohay Elam, an analyst at FXStreet, sees first resistance at 1.3070 while notes that the cable held above uptrend support. Key quotes “GBP/USD continues suffering from downside momentum on the 4-hour chart, and trades below the 50 Simple Moving Average. On the other hand, it survived a dip below uptrend support, showing some strength.” “Below that line, 1.3010 provided support a few days ago and provides support. It is followed by 1.2985, August's trough. The next lines to watch are 1.29 and 1.2845.” “Resistance… 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.
