In the New York session, the Sterling is consolidating its intraday gains. Robust UK manufacturing and industrial data, as well as Brexit optimism bolstered the mood on the GBP. GBP/USD daily chart GBP/USD is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs). The market is attempting to create a double bottom as the Sterling is trading above the 1.2300 figure and the 50 SMA. Earlier in the London session, the Pound got boosted on better-than-expected UK manufacturing and industrial data as well as Brexit optimism. GBP/USD four-hour chart GBP/USD is consolidating the intraday gains above last week’s high as the market is trading above its main SMAs. Bulls’ objective is to climb above 1.2389. If the resistance is broken the next pit-stops on the way up can be 1.2441 and 1.2467 price levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The Pound is trading above the main SMAs, suggesting bullish momentum in the near term. Bears need to reclaim the 1.2351/1.2312 support zone to create a more meaningful retracement towards 1.2245 support, 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 UK: Lawmakers vote to force government to disclose no-deal planning FX Street 4 years In the New York session, the Sterling is consolidating its intraday gains. Robust UK manufacturing and industrial data, as well as Brexit optimism bolstered the mood on the GBP. GBP/USD daily chart GBP/USD is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs). The market is attempting to create a double bottom as the Sterling is trading above the 1.2300 figure and the 50 SMA. Earlier in the London session, the Pound got boosted on better-than-expected UK manufacturing and industrial data as well as Brexit optimism. GBP/USD four-hour chart 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.
