GBP/USD starts the week quietly, trading around the 1.2300 handle. The level to beat for bears is at the 1.2275 support. GBP/USD daily chart The Sterling is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). At the start of the week, the market is trapped between the 50 SMA at 1.2254 and the 1.2400 figure. GBP/USD four-hour chart GBP/USD is trading near the 50 and 200 SMA while the market is trading in a tight trading range. Sellers need a break below1.2305/1.2275 to drive the market towards 1.2224 support level, according to the Technical Confluences Indicator. GBP/USD 30-minute The Pound/US Dollar exchange rate is ranging within the range of the last two days. Immediate resistances are seen at the 1.2326/1.2360 levels. Further up lie 1.2412 resistance, 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 Crypto Market mid-session update XRP spreads the excitement to Bitcoin and Ethreum FX Street 3 years GBP/USD starts the week quietly, trading around the 1.2300 handle. The level to beat for bears is at the 1.2275 support. GBP/USD daily chart The Sterling is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). At the start of the week, the market is trapped between the 50 SMA at 1.2254 and the 1.2400 figure. GBP/USD four-hour chart GBP/USD is trading near the 50 and 200 SMA while the market is trading in a tight trading range. Sellers need a break below1.2305/1.2275 to drive the market… 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.
