The cable is trading at its lowest since the start of the week. The level to beat for bears is the 1.2890 support. GBP/USD daily chart The pound is currently consolidating the October’s rally in the 1.2800-1.3000 price zone. GBP/USD, last month, reached levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is drifting down from the monthly highs while challenging the 1.2890 support level. A break below it could lead to an extension of the decline towards the 1.2870 and 1.2820 levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The market is trading at daily lows below the main SMAs, suggesting a bearish bias in the near term. Resistances are seen at the 1.2910, 1.2940 and 1.2957 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 Data breach of 1.4 million users of Gatehub crypto wallcet FX Street 3 years The cable is trading at its lowest since the start of the week. The level to beat for bears is the 1.2890 support. GBP/USD daily chart The pound is currently consolidating the October's rally in the 1.2800-1.3000 price zone. GBP/USD, last month, reached levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is drifting down from the monthly highs while challenging the 1.2890 support level. A break below it could lead to an extension of the decline towards the 1.2870 and 1.2820 levels, according to the Technical Confluences Indicator. … 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.
