GBP/USD remains sidelined in the New York session. The level to beat for bears is the 1.2834 support. GBP/USD daily chart The pound is currently correcting last month’s rally in the 1.2800-1.3000 price zone. GBP/USD, in October, hit levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is trading in a tight range between the 1.2834 support and the 1.2874 resistance. The spot is capped by downward sloping 50 and 100 SMAs suggesting that the spot might continue to drift lower in the medium term. GBP/USD 30-minute chart The market is keeping the weekly range theme intact. If the bulls give up, the spot can slide towards 1.2790 support. Resistance is seen at the 1.2874/1.2900 zone, 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 FOMC Chairman Powell to deliver nearly identical remarks to US House Budget Committee FX Street 3 years GBP/USD remains sidelined in the New York session. The level to beat for bears is the 1.2834 support. GBP/USD daily chart The pound is currently correcting last month's rally in the 1.2800-1.3000 price zone. GBP/USD, in October, hit levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is trading in a tight range between the 1.2834 support and the 1.2874 resistance. The spot is capped by downward sloping 50 and 100 SMAs suggesting that the spot might continue to drift lower in the medium term. 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.
