GBP/USD broke below a key support level at 1.2957 as the bears took over the market. GBP/USD is trading below its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics indicators are in negative territories. Bears key targets to the downside are likely located near 1.2900 figure and 1.2800 figure. GBP/USD 4-hour chart Spot rate: 1.2947 Relative change: 0.05% High: 1.2958 Low: 1.2937 Main trend: Bearish Resistance 1: 1.2957 July 19 swing low Resistance 2: 1.3000 figure Resistance 3: 1.3050 August 30 swing high, key level Resistance 4: 1.3100 figure Resistance 5: 1.3144 key level Support 1: 1.2900 figure Support 2: 1.2800 figure Support 3: 1.2700 figure 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 GBP/USD sinks to fresh FX Street 4 years GBP/USD broke below a key support level at 1.2957 as the bears took over the market. GBP/USD is trading below its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics indicators are in negative territories. Bears key targets to the downside are likely located near 1.2900 figure and 1.2800 figure. GBP/USD 4-hour chart Spot rate: 1.2947 Relative change: 0.05% High: … 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.
