GBP/USD is trading below the 1.2950 level after the London close. Brexit headlines remain the main Cable drivers. GBP/USD daily chart The Pound, on the daily chart, had a spike above its main daily simple moving averages (DSMAs) while hitting levels not seen since mid-May 2019. The Brexit deal euphoria is the main driver behind the GBP strength. GBP/USD four-hour chart The Cable is trading in a bullish channel above its main SMAs. However, the market is pulling back down, unable to regain the 1.3000 handle. GBP/USD 30-minute chart GBP/USD is challenging the 1.2935 support. If the sellers can break 1.2881 support, the market could have a spike down towards the 1.2814 level, according to the Technical Confluences Indicator. On the flip side, a break above 1.2950 resistance can open the doors to a retest of the 1.3000 handle. 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 Brexit: UK Parliament to vote on PM Johnson’s Brexit deal and timetable – live stream FX Street 3 years GBP/USD is trading below the 1.2950 level after the London close. Brexit headlines remain the main Cable drivers. GBP/USD daily chart The Pound, on the daily chart, had a spike above its main daily simple moving averages (DSMAs) while hitting levels not seen since mid-May 2019. The Brexit deal euphoria is the main driver behind the GBP strength. GBP/USD four-hour chart The Cable is trading in a bullish channel above its main SMAs. However, the market is pulling back down, unable to regain the 1.3000 handle. GBP/USD 30-minute chart… 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.
