The cable is trading near its lowest point since the start of the week. The level to beat for sellers is the 1.2820 level. GBP/USD daily chart GBP/USD is fighting for the 1.2900 handle as the market is consolidating in November. However, the spot keeps an underlying bullish momentum while trading above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The spot is trading below the 1.2900 figure and its main SMAs, suggesting a bearish bias in the medium term. A break below 1.2820 should trigger further weakness towards the 1.2785 and 1.2742 price levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart Sterling is trading below its main SMAs, suggesting a bearish bias in the short term. Resistance is expected at 1.2870 and the 1.2900/1.2910 price zone, 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 drops to session lows near 1.3280 on oil recovery FX Street 3 years The cable is trading near its lowest point since the start of the week. The level to beat for sellers is the 1.2820 level. GBP/USD daily chart GBP/USD is fighting for the 1.2900 handle as the market is consolidating in November. However, the spot keeps an underlying bullish momentum while trading above its main daily simple moving averages (DMAs). GBP/USD four-hour chart The spot is trading below the 1.2900 figure and its main SMAs, suggesting a bearish bias in the medium term. A break below 1.2820 should trigger further weakness towards the 1.2785 and 1.2742… 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.
