The cable is rolling into the Asian session near its daily lows just above the 1.2900 figure. The level to beat for bears is the 1.2898 support. GBP/USD daily chart Sterling/Dollar is easing from the November highs moving away from the 1.3000 handle while trading above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The market is challenging the 1.2898 support while trading above its main SMAs. However, after rejecting three times the November highs, the market might start to decline below the 1.2898 support. The bear move can extend to the 1.2871 and 1.2820 levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The market is trading just above the main SMAs, suggesting a bearish bias in the near term. Resistance is seen at the 1.2918, 1.2965 and 1.3000 price levels. 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 Ex-Fed Chair Yellen: There is good reason to worry about the US economy sliding into recession – CNBC FX Street 3 years The cable is rolling into the Asian session near its daily lows just above the 1.2900 figure. The level to beat for bears is the 1.2898 support. GBP/USD daily chart Sterling/Dollar is easing from the November highs moving away from the 1.3000 handle while trading above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The market is challenging the 1.2898 support while trading above its main SMAs. However, after rejecting three times the November highs, the market might start to decline below the 1.2898 support. The bear move can extend to the 1.2871… 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.
