GBP/USD is challenging the 1.2815 support level in the New York session. The level to beat for sellers is the 1.2815/1.2772 support zone. GBP/USD daily chart The Sterling in October spiked up above the main daily simple moving averages (DSMAs) and hit levels not seen since mid-May 2019. The Brexit headlines remain the main catalysts behind the GBP moves. GBP/USD four-hour chart GBP/USD is retracing down, below the 1.2900 handle and the 50 SMA. Bears need a daily break below the 1.2815/1.2772 support zone to 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 momentum in the near term. The main resistances are 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/CAD technical analysis: Greenback ends the week on the back foot against CAD FX Street 3 years GBP/USD is challenging the 1.2815 support level in the New York session. The level to beat for sellers is the 1.2815/1.2772 support zone. GBP/USD daily chart The Sterling in October spiked up above the main daily simple moving averages (DSMAs) and hit levels not seen since mid-May 2019. The Brexit headlines remain the main catalysts behind the GBP moves. GBP/USD four-hour chart GBP/USD is retracing down, below the 1.2900 handle and the 50 SMA. Bears need a daily break below the 1.2815/1.2772 support zone to reach the 1.2700 handle, according to the Technical Confluences… 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.
