GBP/USD is ending the week near the weekly highs. Resistances to the upside are seen at the 1.2950 level and the 1.3000 handle. GBP/USD daily chart The sterling is currently correcting last month’s rally in the 1.2800-1.3000 price zone. GBP/USD, in October, hit levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is breaking above the 1.2874/1.2910 resistance zone. The spot is trading above its main SMAs, suggesting bullish momentum in the medium term. If the market breaks the 1.2910 resistance on a daily basis, the spot could reach the 1.2950 level and the 1.3000 handle on the way up, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The spot is trading above its main SMAs, suggesting a bullish bias in the short term. Support is seen at the 1.2874 and the 1.2833 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 Bitcoin weekly forecast: In the middle of nowhere FX Street 3 years GBP/USD is ending the week near the weekly highs. Resistances to the upside are seen at the 1.2950 level and the 1.3000 handle. GBP/USD daily chart The sterling is currently correcting last month's rally in the 1.2800-1.3000 price zone. GBP/USD, in October, hit levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is breaking above the 1.2874/1.2910 resistance zone. The spot is trading above its main SMAs, suggesting bullish momentum in the medium term. If the market breaks the 1.2910 resistance on a daily basis, the spot could reach… 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.
