GBP/USD is trading near daily highs after the London close. The level to beat for buyers is the 1.2882/1.2900 resistance zone. GBP/USD daily chart The market is currently correcting the advance in the 1.2800-1.3000 price zone. The Cable, last month, had a bull run to levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is nearing the 1.2882/1.2900 resistance zone and the 50/100 SMAs. Bulls would need a break above this area on a daily basis in order to reclaim the 1.2950 resistance, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The Sterling is trading above its main SMAs, suggesting a potential bullish bias in the near term. It will be interesting to see if the market can break the 1.2882/1.2900 resistance zone. To the downside, 1.2835 and 1.2795 can act as support 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 Fed’s Barkin: Fed rate cuts not expected to make a big difference in investment FX Street 3 years GBP/USD is trading near daily highs after the London close. The level to beat for buyers is the 1.2882/1.2900 resistance zone. GBP/USD daily chart The market is currently correcting the advance in the 1.2800-1.3000 price zone. The Cable, last month, had a bull run to levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is nearing the 1.2882/1.2900 resistance zone and the 50/100 SMAs. Bulls would need a break above this area on a daily basis in order to reclaim the 1.2950 resistance, according to the Technical Confluences Indicator. GBP/USD… 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.
