GBP/USD holds steady posting minor gains versus US dollar. Pound recovers after yesterday’s slide despite UK political concerns and weak data. The GBP/USD pair has been moving in a small range during the last hours between 1.3285 and 1.3250, slightly above the level it closed yesterday. The pound ended lower yesterday following resignations at PM May’s cabinet. Today is recovering ground, holding firm above 1.3250, unaffected by weaker-than-expected UK industrial production data and despite a stronger US dollar. US Dollar Index futures climbed to 94.18 earlier today, to test Friday’s top. During the US session trimmed losses and pulled back below 94.00. The daily chart of GBP/USD shows the pair holding a positive tone, despite being unable to hold on top of 1.3300. Despite the bearish correction it held above 1.3200 and also avoided a daily close below the 20-day moving average. A consolidation under 1.3190 would remove the short-term upside bias. GBP/USD Short-term levels to watch To the upside, the 1.3300 area is the immediate resistance followed by 1.3325 and 1.3350. On the flip side, support levels might be located at 1.3245/50 (American session low), 1.3220 (Jul 10 low) and 1.3185/90. 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 CFTC: USD positioning moved deeper into net long territory – Rabobank FX Street 4 years GBP/USD holds steady posting minor gains versus US dollar. Pound recovers after yesterday's slide despite UK political concerns and weak data. The GBP/USD pair has been moving in a small range during the last hours between 1.3285 and 1.3250, slightly above the level it closed yesterday. The pound ended lower yesterday following resignations at PM May's cabinet. Today is recovering ground, holding firm above 1.3250, unaffected by weaker-than-expected UK industrial production data and despite a stronger US dollar. US Dollar Index futures climbed to 94.18 earlier today, to test Friday's top. During the US session trimmed losses and pulled back… Top 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.
