GBP/USD is consolidating Tuesday’s losses below the 1.2900 handle. The level to beat for sellers is the 1.2815 support. GBP/USD daily chart The Pound, on the daily chart, had a spike above the main daily simple moving averages (DSMAs) while hitting levels not seen since mid-May 2019. The Brexit headlines are the main catalysts behind the GBP/USD rollercoaster. The UK Parliament rejected the PM Boris Johnson’s fast-track process for approving the Brexit deal. Elections can be next along with an extension of the Article 50. GBP/USD four-hour chart The Sterling is trading in a bull channel above its main SMAs. After a retracement down, the spot is challenging the 1.2900 handle. A break above 1.2908 could potentially lead to further gains towards 1.2935/50 resistance zone, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading below the main SMAs, suggesting a bearish momentum in the near term. Bears need to break the 1.2815 support to travel towards the 1.2772 price 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 US: Economic growth is slowing toward potential – BBVA FX Street 3 years GBP/USD is consolidating Tuesday's losses below the 1.2900 handle. The level to beat for sellers is the 1.2815 support. GBP/USD daily chart The Pound, on the daily chart, had a spike above the main daily simple moving averages (DSMAs) while hitting levels not seen since mid-May 2019. The Brexit headlines are the main catalysts behind the GBP/USD rollercoaster. The UK Parliament rejected the PM Boris Johnson's fast-track process for approving the Brexit deal. Elections can be next along with an extension of the Article 50. GBP/USD four-hour chart The Sterling is trading in a… 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.
