The cable is starting the week with a mild recovery aiming at the 1.2900 handle. The level to beat for bulls is the 1.2900/1.2916 resistance zone. GBP/USD daily chart GBP/USD is trading below the 1.2900 handle as the market is chopping in November. The spot keeps an underlying bullish bias while above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The market is trading above a rising 200 SMA, suggesting bullish momentum. A break above the 1.2900/1.2916 resistance zone can lead to further gains towards the 1.2964/1.3000 resistance zone, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is starting the week with an attempt at regaining the 1.2900 handle. So far, this has not happened yet; however, if the bears don’t show up soon, the buyers will likely take control and lift the market above the 1.2900/1.2916 resistance zone. Support is seen at the 1.2870 and 1.2820 price levels. 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 BoE: Policy to stay on hold, with risk of a near-term cut – ABN AMRO FX Street 3 years The cable is starting the week with a mild recovery aiming at the 1.2900 handle. The level to beat for bulls is the 1.2900/1.2916 resistance zone. GBP/USD daily chart GBP/USD is trading below the 1.2900 handle as the market is chopping in November. The spot keeps an underlying bullish bias while above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The market is trading above a rising 200 SMA, suggesting bullish momentum. A break above the 1.2900/1.2916 resistance zone can lead to further gains towards the 1.2964/1.3000 resistance zone, according to the Technical… 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.
