GBP/USD is bouncing from the 1.2815 support level. The level to beat for sellers is the 1.2815/1.2772 support zone. GBP/USD daily chart In October, the Sterling spiked up above the main daily simple moving averages (DSMAs) and reached levels not seen since mid-May 2019. The Brexit headlines remain the main drivers behind the Pound moves. GBP/USD four-hour chart GBP/USD is pulling back down below the 1.2900 handle and its 50 SMA. Sellers need a daily break below the 1.2815/1.2772 support zone to potentially reach the 1.2700 handle, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading below its main SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 1.2880 and 1.2908 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 FXStreet News share Read Next USTR Lighthizer: US and China close to finalizing some sections of trade agreement FX Street 3 years GBP/USD is bouncing from the 1.2815 support level. The level to beat for sellers is the 1.2815/1.2772 support zone. GBP/USD daily chart In October, the Sterling spiked up above the main daily simple moving averages (DSMAs) and reached levels not seen since mid-May 2019. The Brexit headlines remain the main drivers behind the Pound moves. GBP/USD four-hour chart GBP/USD is pulling back down below the 1.2900 handle and its 50 SMA. Sellers need a daily break below the 1.2815/1.2772 support zone to potentially reach the 1.2700 handle, 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.
