“¢ The pair struggled to build on its early positive momentum and dropped to session lows in the last hour, closer to over three-week lows touched overnight. “¢ This is followed by an important ascending trend-line support, extending from YTD lows set in mid-August through September monthly lows. “¢ Technical indicators on the daily chart have started losing positive momentum and the pair’s inability to build on the corrective bounce points to persistent selling bias. “¢ A convincing break through the mentioned trend-line support will reinforce the negative set-up and turn the pair vulnerable to resume with its prior depreciating move. GBP/USD daily chart Spot Rate: 1.2973 Daily High: 1.3017 Trend: Bearish below trend-line support Resistance R1: 1.3017 (current day swing high) R2: 1.3039 (100-period SMA) R3: 1.3077 (horizontal zone) Support S1: 1.2941 (3-week low set yesterday) S2: 1.2929 (S1 daily pivot-point) S3: 1.2900 (round figure mark) 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 USD/CAD decline expected to hold at 1.2744/30 – Commerzbank FX Street 4 years "¢ The pair struggled to build on its early positive momentum and dropped to session lows in the last hour, closer to over three-week lows touched overnight. "¢ This is followed by an important ascending trend-line support, extending from YTD lows set in mid-August through September monthly lows. "¢ Technical indicators on the daily chart have started losing positive momentum and the pair's inability to build on the corrective bounce points to persistent selling bias. "¢ A convincing break through the mentioned trend-line support will reinforce the negative set-up and turn the… 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.
