GBP/USD is trading below 1.3000 psychological level as GBP/USD printed a new 2018 low at 1.2957 earlier in the day. Bears objective is to keep cable contained below 1.3000 and to drive the price below the current daily low and towards 1.2908 September 5, 2017 low. Resistances are seen near 1.3010 July 18 low and 1.3049 June 28 low. GBP/USD has lost about 300 pips since the start of the week and is trading below all its main moving averages suggesting a strong bearish momentum. GBP/USD 15-minute chart Spot rate: 1.2987 Relative change: -0.63% High: 1.3084 Low: 1.2957 Trend: Bearish Resistance 1: 1.3010 July 18 low Resistance 2: 1.3049 June 28 low Resistance 3: 1.3100 figure Support 1: 1.2957 current 2018 low Support 2: 1.2908 September 5, 2017 low Support 3: 1.2774 August 24, 2017 low 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 EUR/USD: Muted reaction expected from next week’s ECB meeting – Rabobank FX Street 5 years GBP/USD is trading below 1.3000 psychological level as GBP/USD printed a new 2018 low at 1.2957 earlier in the day. Bears objective is to keep cable contained below 1.3000 and to drive the price below the current daily low and towards 1.2908 September 5, 2017 low. Resistances are seen near 1.3010 July 18 low and 1.3049 June 28 low. GBP/USD has lost about 300 pips since the start of the week and is trading below all its main moving averages suggesting a strong bearish momentum. GBP/USD 15-minute chart Spot rate: 1.2987 Relative change:… 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.
