GBP/USD lost some steam this Thursday as call for snap elections in the UK could cast further uncertainties about Brexit. The level to beat for sellers is the 1.2815/1.2772 support zone. GBP/USD daily chart The Pound in October spiked above its main daily simple moving averages (DSMAs) and reached levels not seen since mid-May 2019. The Brexit headlines are the main catalysts behind the GBP/USD moves. UK PM Johnson calls for snap election on Dec. 12, GBP/USD slumps to 1.28. GBP/USD four-hour chart The Pound is trading in a bull channel above the 100 and 200 SMAs. However, GBP/USD is retracing down, below the 1.2900 handle and the 50 SMA. Sellers need to break the 1.2815/1.2772 support zone to travel towards 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 momentum in the near term. Resistance is seen at 1.2880 and 1.2908, 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/CHF rises to one-week highs at 0.9930 FX Street 3 years GBP/USD lost some steam this Thursday as call for snap elections in the UK could cast further uncertainties about Brexit. The level to beat for sellers is the 1.2815/1.2772 support zone. GBP/USD daily chart The Pound in October spiked above its main daily simple moving averages (DSMAs) and reached levels not seen since mid-May 2019. The Brexit headlines are the main catalysts behind the GBP/USD moves. UK PM Johnson calls for snap election on Dec. 12, GBP/USD slumps to 1.28. GBP/USD four-hour chart The Pound is trading in a bull channel above the 100 and… 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.
