The cable is turning negative for the week. The level to beat for sellers is the 1.2820 support. GBP/USD daily chart GBP/USD is rejecting the 1.2900 handle as the market is easing from the November highs. The spot is trading well above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The market is challenging the 1.2821 support and the 200 SMA. A break below the level next week could lead to further losses towards the 1.2788 and 1.2741 price levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The market is trading below the main SMAs, suggesting a bearish bias in the near term. Resistance is seen at the 1.2870 and 1.2900 price levels. 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 Bitcoin supply on the network much lower than expected due to lost BTC according to report FX Street 3 years The cable is turning negative for the week. The level to beat for sellers is the 1.2820 support. GBP/USD daily chart GBP/USD is rejecting the 1.2900 handle as the market is easing from the November highs. The spot is trading well above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The market is challenging the 1.2821 support and the 200 SMA. A break below the level next week could lead to further losses towards the 1.2788 and 1.2741 price levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The market is… 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.
