The Sterling is hanging above the August highs. USD is regaining some strength making GBP/USD corrects down about 30 pips from daily highs. GBP/USD daily chart The GBP/USD currency pair is in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the Sterling is rebounding sharply from multi-year lows as the bill to block a no-deal Brexit passed the House of Commons. On the other hand, the US Dollar is regaining some strength after the release of the better-than-expected United States Non-Manufacturing PMI. The data came in at 56.4 in August vs. 54 forecast by analysts. GBP/USD 4-hour chart GBP/USD is consolidating the recent gains above the 1.2312 support. If buyers intend to extend the recent recovery, they need to overcome 1.2348 resistance to drive the market towards 1.2384 and 1.2422 resistance levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is off the daily highs while above the main SMAs, suggesting bullish momentum in the near term. Immediate support can be seen at 1.2312, 1.2281 and 1.2243 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 FXStreet News share Read Next USD/MXN Technical Analysis: After a 3% retreat, how low could it go? FX Street 4 years The Sterling is hanging above the August highs. USD is regaining some strength making GBP/USD corrects down about 30 pips from daily highs. GBP/USD daily chart The GBP/USD currency pair is in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the Sterling is rebounding sharply from multi-year lows as the bill to block a no-deal Brexit passed the House of Commons. On the other hand, the US Dollar is regaining some strength after the release of the better-than-expected United States Non-Manufacturing PMI. The data came in at 56.4 in August vs.… 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.
