The Cable is breaking to new daily highs to 1.2964 after the London close. The level to beat for bulls is the 1.3000 handle. GBP/USD daily chart The Sterling, on the daily chart, is surging above the main daily simple moving averages (DSMAs). GBP/USD is trading at levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD broke above the 1.2934 resistance as the market is trying to reach the 1.3000 round number. Next week the market will likely try to move beyond this psychological resistance to drive the market towards 1.3043 and the 1.3100 handle. GBP/USD 30-minute chart GBP/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.2930/1.2908 zone, 1.2842 and 1.2800 price 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 EUR/USD extends weekly gains above 1.1150 as US Dollar weakens FX Street 3 years The Cable is breaking to new daily highs to 1.2964 after the London close. The level to beat for bulls is the 1.3000 handle. GBP/USD daily chart The Sterling, on the daily chart, is surging above the main daily simple moving averages (DSMAs). GBP/USD is trading at levels not seen since mid-May 2019. GBP/USD four-hour chart GBP/USD broke above the 1.2934 resistance as the market is trying to reach the 1.3000 round number. Next week the market will likely try to move beyond this psychological resistance to drive the market towards… 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.
