Trapped in a descending triangle, the GBP/USD pair is currently trading at 1.2770. At press time, the triangle resistance is located 1.2809 and support is seen at 1.2725. A break above 1.2809 would confirm a descending triangle breakout or bearish-to-bullish trend change. Essentially, a close above 1.2809 would mean the sell-off from the Nov. 7 high of 1.3175 has likely ended at 1.2723 (Nov. 15 low) and the bulls have regained control. A bull breakout, if confirmed, would open the doors to 1.30 (psychological hurdle). Daily Chart Trend: Bullish above 1.2809 GBP/USD Overview: Today Last Price: 1.2771 Today Daily change: 28 pips Today Daily change %: 0.220% Today Daily Open: 1.2743 Trends: Previous Daily SMA20: 1.2887 Previous Daily SMA50: 1.2969 Previous Daily SMA100: 1.2977 Previous Daily SMA200: 1.3317 Levels: Previous Daily High: 1.281 Previous Daily Low: 1.2735 Previous Weekly High: 1.2864 Previous Weekly Low: 1.2725 Previous Monthly High: 1.3176 Previous Monthly Low: 1.2723 Previous Daily Fibonacci 38.2%: 1.2764 Previous Daily Fibonacci 61.8%: 1.2781 Previous Daily Pivot Point S1: 1.2715 Previous Daily Pivot Point S2: 1.2688 Previous Daily Pivot Point S3: 1.264 Previous Daily Pivot Point R1: 1.279 Previous Daily Pivot Point R2: 1.2837 Previous Daily Pivot Point R3: 1.2865 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 RBA: Watch out for caution in the Bank’s commentary – ANZ FX Street 4 years Trapped in a descending triangle, the GBP/USD pair is currently trading at 1.2770. At press time, the triangle resistance is located 1.2809 and support is seen at 1.2725. A break above 1.2809 would confirm a descending triangle breakout or bearish-to-bullish trend change. Essentially, a close above 1.2809 would mean the sell-off from the Nov. 7 high of 1.3175 has likely ended at 1.2723 (Nov. 15 low) and the bulls have regained control. A bull breakout, if confirmed, would open the doors to 1.30 (psychological hurdle). Daily Chart Trend: Bullish above 1.2809 GBP/USD Overview: Today Last Price:… 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.
