The Sterling keeps adding to its intraday gains as lawmakers reject motion to hold general election. GBP/USD bullish move is also supported by the broad-based USD weakness. GBP/USD daily chart The GBP/USD currency pair is trading in a bear trend below its main daily simple moving averages (SMAs). The market is rebounding sharply from multi-year lows as the chances of a no-deal Brexit are shrinking and the US Dollar is on the back foot. Additionally, it has just been reported that lawmakers rejected motion to hold general election, sending GBP/USD higher. GBP/USD 4-hour chart GBP/USD is challenging the 1.2243 level as the market is trading above its main SMAs. If buyers overcome 1.2243, the market is set to move up towards 1.2274 and 1.2314 resistance levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading at its daily highs while above its main SMAs, suggesting a correction up in the near term. Immediate support can be seen at 1.2222, 1.2185 and 1.2165 levels, according to the Technical Confluences Indicator. 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 Wall Street ends higher on improved risk sentiment FX Street 4 years The Sterling keeps adding to its intraday gains as lawmakers reject motion to hold general election. GBP/USD bullish move is also supported by the broad-based USD weakness. GBP/USD daily chart The GBP/USD currency pair is trading in a bear trend below its main daily simple moving averages (SMAs). The market is rebounding sharply from multi-year lows as the chances of a no-deal Brexit are shrinking and the US Dollar is on the back foot. Additionally, it has just been reported that lawmakers rejected motion to hold general election, sending GBP/USD higher. GBP/USD 4-hour chart GBP/USD is… 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.
