The Sterling is breaking above the August highs. The broad-based USD weakness also supports GBP/USD strength. GBP/USD daily chart The GBP/USD currency pair is in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the Sterling is rebounding sharply from multi-year lows as the bill to block a no-deal Brexit passed the House of Commons. Additionally, the broad-based US Dollar weakness is adding to the GBP/USD strength. GBP/USD 4-hour chart GBP/USD is challenging the 1.2348 level as the market is trading above the main SMAs. If buyers overcome 1.2348, the market is set to move up towards 1.2384 and 1.2422 resistance levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading near its daily highs while above the main SMAs, suggesting bullish momentum in the near term. Immediate support can be seen at 1.2312, 1.2281 and 1.2243 levels, 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 Dollar Index rebounds from lows near 98.00 FX Street 4 years The Sterling is breaking above the August highs. The broad-based USD weakness also supports GBP/USD strength. GBP/USD daily chart The GBP/USD currency pair is in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the Sterling is rebounding sharply from multi-year lows as the bill to block a no-deal Brexit passed the House of Commons. Additionally, the broad-based US Dollar weakness is adding to the GBP/USD strength. GBP/USD 4-hour chart GBP/USD is challenging the 1.2348 level as the market is trading above the main SMAs. If buyers overcome 1.2348, the market is set… 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.
