“¢ Against the backdrop of a broadly stronger USD, softer UK consumer inflation figures exerted some additional downward pressure and dragged the pair to fresh YTD lows. “¢ Short-term indicators continue losing altitude and further reinforce prospects for an extension of the downfall towards testing a support marked by a short-term descending trend-channel. GBP/USD 4-hourly chart Spot rate: 1.3049 Daily High: 1.3117 Trend: Bearish Resistance R1: 1.3050 (previous YTD low set on June 28) R2: 1.3117 (current day swing high) R3: 1.3140 (horizontal zone) Support S1: 1.3000 (psychological round figure mark) S2: 1.2970 (descending trend-channel support) S3: 1.2915 (horizontal zone) 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 India: inflationary pressures continue to rise – BNPP FX Street 5 years "¢ Against the backdrop of a broadly stronger USD, softer UK consumer inflation figures exerted some additional downward pressure and dragged the pair to fresh YTD lows. "¢ Short-term indicators continue losing altitude and further reinforce prospects for an extension of the downfall towards testing a support marked by a short-term descending trend-channel. GBP/USD 4-hourly chart Spot rate: 1.3049 Daily High: 1.3117 Trend: Bearish Resistance R1: 1.3050 (previous YTD low set on June 28) R2: 1.3117 (current day swing high) R3: 1.3140 (horizontal zone) Support S1: 1.3000 (psychological round figure mark) S2: 1.2970 (descending trend-channel support)… 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.
