GBP/USD got a push to the upside just before the London close this Thursday. A daily close above 1.2874 could strengthen the bullish side. GBP/USD daily chart The pound is currently correcting the October’s rally in the 1.2800-1.3000 price zone. GBP/USD, in last month, reached levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is trying to break above the 1.2874/1.2910 resistance zone. The spot is trading above the 50 and 100 SMAs, suggesting that bulls are gaining ground. If the market breaks the 1.2910 resistance, the spot could reach the 1.2950 level on the way up, according to the Technical Confluences Indicator. GBP/USD 30-minute chart The market is trading within is weekly range. However, if the market manages to stay above the 1.2874 level, it can strengthen the bull case. Support is seen at the 1.2834 level. 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 Fed’s Williams: Interest rate cuts are insurance against ongoing, potential risks FX Street 3 years GBP/USD got a push to the upside just before the London close this Thursday. A daily close above 1.2874 could strengthen the bullish side. GBP/USD daily chart The pound is currently correcting the October's rally in the 1.2800-1.3000 price zone. GBP/USD, in last month, reached levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD is trying to break above the 1.2874/1.2910 resistance zone. The spot is trading above the 50 and 100 SMAs, suggesting that bulls are gaining ground. If the market breaks the 1.2910 resistance, the spot could reach the 1.2950… 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.
