As the Brexit gets delayed, GBP/USD is retracing down below the 1.2900 handle. The level to beat for bears is the 1.2881 support. GBP/USD daily chart The Sterling, on the daily chart, had a spike above the main daily simple moving averages (DSMAs) while reaching levels not seen since mid-May 2019. UK PM’s Johnson loses the second vote, GBP/USD crashes, Brexit likely delayed. GBP/USD four-hour chart The Cable is trading in a bull channel above the main SMAs. However, the market is pulling back down sharply, testing the 1.2881 support level. A break below the level can lead to further losses towards the 1.2813 price level, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading below its main SMAs, suggesting potential bearish momentum in the near term. Potential pullbacks could find resistance near 1.2907, 1.2935 and 1.2950, 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 USD/TRY: It is all about geopolitics and Trump’s stance – Danske Bank FX Street 3 years As the Brexit gets delayed, GBP/USD is retracing down below the 1.2900 handle. The level to beat for bears is the 1.2881 support. GBP/USD daily chart The Sterling, on the daily chart, had a spike above the main daily simple moving averages (DSMAs) while reaching levels not seen since mid-May 2019. UK PM's Johnson loses the second vote, GBP/USD crashes, Brexit likely delayed. GBP/USD four-hour chart The Cable is trading in a bull channel above the main SMAs. However, the market is pulling back down sharply, testing the 1.2881 support level. A break… 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.
