EU27 tunnel negotiations with the United Kingdom sparks 200-pip spike on Cable. In the New York session, GBP/USD is easing from the 1.2700 handle. GBP/USD daily chart The Cable, on the daily chart, is trading in a bear trend below its 200-day simple moving average (DSMA). GBP/USD is up nearly 500 pips from the October lows, as the Cable is on track to its largest two-day rally since 2016. The last leg up is attributed to EU’s Chief Brexit Negotiator Barnier having the green light from the EU27 for tunnel negotiations with the United Kingdom. GBP/USD four-hour chart GBP/USD got another leg up worth about 200 pips. The market is currently consolidating the spike below the 1.2700 handle. If the market break above this level the newt stop can become the 1.2800 figure. GBP/USD 30-minute chart The Pound is trading above the main SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.2600, 1.2543/30 zone and the 1.2477 level, 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 Forex News Today: Daily Trading News share Read Next Fed’s Kashkari: Would probably be in favor if Fed decided on October rate cut FX Street 4 years EU27 tunnel negotiations with the United Kingdom sparks 200-pip spike on Cable. In the New York session, GBP/USD is easing from the 1.2700 handle. GBP/USD daily chart The Cable, on the daily chart, is trading in a bear trend below its 200-day simple moving average (DSMA). GBP/USD is up nearly 500 pips from the October lows, as the Cable is on track to its largest two-day rally since 2016. The last leg up is attributed to EU's Chief Brexit Negotiator Barnier having the green light from the EU27 for tunnel negotiations with the United Kingdom.… 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.
