GBP/USD starts the week retracing part of the massive gains seen last weeks. GBP/USD is now battling with the 1.2600 handle in the last part of the London session. GBP/USD daily chart The Cable, on the daily chart, is trading in a bear trend below its 200-day simple moving average (DSMA). This Monday, the market is consolidating last week’s sudden spike related to Brexit deal optimism. GBP/USD four-hour chart GBP/USD is challenging the 1.2600 handle in the last part of the London session. If the market breaks above this level, the next resistance of interest can be the 1.2700 handle, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The Sterling is trading above the 100 and SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.2543/30 zone and the 1.2477 level, 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 GBP/USD rallies back closer to session tops, further beyond 1.2600 handle FX Street 4 years GBP/USD starts the week retracing part of the massive gains seen last weeks. GBP/USD is now battling with the 1.2600 handle in the last part of the London session. GBP/USD daily chart The Cable, on the daily chart, is trading in a bear trend below its 200-day simple moving average (DSMA). This Monday, the market is consolidating last week's sudden spike related to Brexit deal optimism. GBP/USD four-hour chart GBP/USD is challenging the 1.2600 handle in the last part of the London session. If the market breaks above this level, the next… 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.
