GBP/USD daily chart GBP/USD is trading in the middle of its year-to-date (YTD) range as the market retraced 50% from the January-March swing up. GBP/USD 4-hour chart GBP/USD is trading below its main SMAs suggesting a bearish momentum in the medium-term. GBP/USD 30-minute chart The market is trading below its 100 and SMAs suggesting a bearish bias in the short-term. Bulls made three attempts to break above 1.2950 but they were capped by the 100 SMA. GBP/USD continues to trade on the defensive with 1.2930 and 1.2900 acting as main intraday support to the downside. 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 AUD/USD: Below 0.6950, bears can target 0.6857/78.6% retracement FX Street 4 years GBP/USD daily chart GBP/USD is trading in the middle of its year-to-date (YTD) range as the market retraced 50% from the January-March swing up. GBP/USD 4-hour chart GBP/USD is trading below its main SMAs suggesting a bearish momentum in the medium-term. GBP/USD 30-minute chart The market is trading below its 100 and SMAs suggesting a bearish bias in the short-term. Bulls made three attempts to break above 1.2950 but they were capped by the 100 SMA. GBP/USD continues to trade on the defensive with 1.2930 and 1.2900 acting as main intraday support to the downside. Additional key… 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.
