GBP/USD is trading at its highest in August, reaching 1.2310 on an intraday basis. The levels to beat for bulls are seen at 1.2329, followed by 1.2361 resistances. GBP/USD daily chart GBP/USD is trading in a bear trend below the main daily simple moving averages (SMAs). However, the market has been bouncing in the last two weeks after establishing a 2019 low at the 1.2015 level. GBP/USD 4-hour chart The Cable broke to new August highs above the 200 SMA on the 4-hour chart. Bulls have now a dense cluster of resistance to deal with. If the buyers manage to work their way through 1.2329/1.2348 and 1.2361, the market could reach 1.2386 on the way up, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading above the main SMAs, suggesting a bullish bias in the short term. Immediate supports are seen at 1.2265 and 1.2214 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 Ethreum technical analysis: ETH/USD bearish pennant vulnerable to downside risks FX Street 4 years GBP/USD is trading at its highest in August, reaching 1.2310 on an intraday basis. The levels to beat for bulls are seen at 1.2329, followed by 1.2361 resistances. GBP/USD daily chart GBP/USD is trading in a bear trend below the main daily simple moving averages (SMAs). However, the market has been bouncing in the last two weeks after establishing a 2019 low at the 1.2015 level. GBP/USD 4-hour chart The Cable broke to new August highs above the 200 SMA on the 4-hour chart. Bulls have now a dense cluster of resistance to deal with. If the… 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.
