GBP/USD is starting the week by extending last week’s gains. The level to beat for bulls is the 1.3012 resistance. GBP/USD daily chart The sterling is currently correcting the October’s rally in the 1.2800-1.3000 price zone. GBP/USD, last month, reached levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD hit a new monthly high this Monday as the market is grinding up toward the 1.3000 handle. The bulls are currently in control above the main simple moving averages (SMAs). However, a break above the 1.3012 resistance level seems to be necessary to confirm a potential run-up to the 1.3093 resistance, 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. There is a dense cluster of support levels awaiting in the1.2932, 1.2910, 1.2892 and 1.2870 zone, suggesting that bears might have a lot of work to do if they intend to reach 1.2824, key support, on the way down. 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 Gold Prices News & Prediction: XAU/USD slides to 3-day low, around $1460 region FX Street 3 years GBP/USD is starting the week by extending last week's gains. The level to beat for bulls is the 1.3012 resistance. GBP/USD daily chart The sterling is currently correcting the October's rally in the 1.2800-1.3000 price zone. GBP/USD, last month, reached levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD hit a new monthly high this Monday as the market is grinding up toward the 1.3000 handle. The bulls are currently in control above the main simple moving averages (SMAs). However, a break above the 1.3012 resistance level seems to be… 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.
