The US Core Consumer Price Index (CPI) came out as expected at 2.4% YoY. The level to beat for bears is the 1.2200 support. GBP/USD daily chart On the daily chart, the Cable is trading in a downtrend below the main daily simple moving averages (DSMAs). The US Core Consumer Price Index (CPI) came out as expected at 2.4% YoY. GBP/USD four-hour chart GBP/USD is trading just above the 1.2200/1.2226 support zone. A break below 1.2200 is necessary for a breakdown towards 1.2130 support, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The Sterling is trading between the 100 and 200 SMAs, suggesting a consolidation phase in the near term. Resistances are seen at the 1.2255 and 1.2280 price levels, 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 Forex News Today: Daily Trading News share Read Next Bitcoin technical analysis: BTC/USD retest must hold for big bull price action FX Street 4 years The US Core Consumer Price Index (CPI) came out as expected at 2.4% YoY. The level to beat for bears is the 1.2200 support. GBP/USD daily chart On the daily chart, the Cable is trading in a downtrend below the main daily simple moving averages (DSMAs). The US Core Consumer Price Index (CPI) came out as expected at 2.4% YoY. GBP/USD four-hour chart GBP/USD is trading just above the 1.2200/1.2226 support zone. A break below 1.2200 is necessary for a breakdown towards 1.2130 support, 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.
