GBP/USD erases its intraday losses as the market rises to 1.2175 resistance. The levels to beat for bulls are the 1.2175 and 1.2211 levels. GBP/USD daily chart The Cable is trading in a bear trend below the main daily simple moving averages (SMAs). The market this Tuesday reversed its earlier losses as spot is heading towards the 1.2200 figure. GBP/USD 4-hour chart The Cable is challenging 1.2175 resistance while trading above the 50 and 100 SMAs. If the bulls break 1.2175 to the upside, the market could accelerate towards the 1.2211 and 1.2250 resistance levels. GBP/USD 30-minute chart GBP/USD had a bullish surprise this Tuesday as the market completely reversed its earlier decline. Bears might have given up suggesting that the path of least resistance is to the upside in the short term. Immediate supports are seen at 1.2154, 1.2141, 1.2122 and at the 1.2097 level, 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 European Union antitrust regulators are looking into Facebook’s Libra FX Street 4 years GBP/USD erases its intraday losses as the market rises to 1.2175 resistance. The levels to beat for bulls are the 1.2175 and 1.2211 levels. GBP/USD daily chart The Cable is trading in a bear trend below the main daily simple moving averages (SMAs). The market this Tuesday reversed its earlier losses as spot is heading towards the 1.2200 figure. GBP/USD 4-hour chart The Cable is challenging 1.2175 resistance while trading above the 50 and 100 SMAs. If the bulls break 1.2175 to the upside, the market could accelerate towards the 1.2211 and 1.2250 resistance levels. … 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.
