The Sterling cheers shrinking chances of a no-deal Brexit. GBP/USD is also supported by broad-based USD weakness. GBP/USD daily chart The GBP/USD exchange rate is trading in a bear trend below the main daily simple moving averages (SMAs). The market is rebounding sharply from multi-year lows as chances of a no-deal Brexit are shrinking and USD weakness. GBP/USD 4-hour chart GBP/USD is challenging the 1.2185 level and the 50/200 SMAs. To continue the recovery, buyers need to overcome the 1.2223 resistance to reach 1.2243 and 1.2274 levels on the way up, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is off the daily highs while trading above its main SMAs, suggesting a correction up in the near term. Immediate support can be seen at 1.2185, 1.2165, 1.2140/1.2128 support zone and the 1.2103 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 Bitcoin price analysis: BTC/USD inches closer to $10,500 amid growing selling pressure FX Street 4 years The Sterling cheers shrinking chances of a no-deal Brexit. GBP/USD is also supported by broad-based USD weakness. GBP/USD daily chart The GBP/USD exchange rate is trading in a bear trend below the main daily simple moving averages (SMAs). The market is rebounding sharply from multi-year lows as chances of a no-deal Brexit are shrinking and USD weakness. GBP/USD 4-hour chart GBP/USD is challenging the 1.2185 level and the 50/200 SMAs. To continue the recovery, buyers need to overcome the 1.2223 resistance to reach 1.2243 and 1.2274 levels on the way up, according to the Technical Confluences… 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.
