GBP/USD daily chart GBP/USD is trading below its main SMAs suggesting an overall bearish bias. GBP/USD 4-hour chart GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term. GBP/USD 30-minute chart The market is having a rebound from the 1.2860 support but remained capped below the 1.2920 resistance and the 50 SMA. The bias remains bearish on the Cable as the level to beat for bears is at 1.2860 and 1.2820 to the downside. Resistances are at 1.2920 and 1.2950 level. 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 Gold Technical Analysis: Spikes to over 1-week tops to test a previous support break-point FX Street 4 years GBP/USD daily chart GBP/USD is trading below its main SMAs suggesting an overall bearish bias. GBP/USD 4-hour chart GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term. GBP/USD 30-minute chart The market is having a rebound from the 1.2860 support but remained capped below the 1.2920 resistance and the 50 SMA. The bias remains bearish on the Cable as the level to beat for bears is at 1.2860 and 1.2820 to the downside. Resistances are at 1.2920 and 1.2950 level. Additional key levels 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.
