The Sterling is consolidating the gains made earlier in London. Upbeat UK manufacturing and industrial data, as well as Brexit optimism are behind the Pound boost. GBP/USD daily chart The Sterling is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs). The market is trying to establish a double bottom as the market is trading above the 1.2300 figure and the 50 SMA. Earlier in the London session, the Pound got a boost on better-than-expected UK manufacturing and industrial data as well as Brexit optimism. GBP/USD four-hour chart GBP/USD is challenging last week highs as the market is trading above its main SMAs. Bulls need to break 1.2989 in order to extend the London bullish move. If 1.2989 is broken the next resistances coming into play are seen at the 1.2441 and 1.2467 levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading above the main SMAs, suggesting bullish momentum in the near term. The market is consolidating the recent intraday gains. Bears need to reclaim the 1.2351 support followed by the 1.2312 and 1.2245 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 clinches tops near 1.1060 on German headlines FX Street 4 years The Sterling is consolidating the gains made earlier in London. Upbeat UK manufacturing and industrial data, as well as Brexit optimism are behind the Pound boost. GBP/USD daily chart The Sterling is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs). The market is trying to establish a double bottom as the market is trading above the 1.2300 figure and the 50 SMA. Earlier in the London session, the Pound got a boost on better-than-expected UK manufacturing and industrial data as well as Brexit optimism. GBP/USD four-hour chart GBP/USD is… 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.
