GBP/USD Wednesday’s four-hour chart is painting a mixed picture, as FXStreet’s analyst Yohay Elam notes. Key quotes “GBP/USD has failed in its attempt to top the 50 Simple Moving Average on the four-hour chart, but momentum remains to the upside.” “Support awaits at 1.2225, a swing high earlier this week, followed by 1.2165, a former double bottom. It is followed by 1.2075, May’s low.” “Some resistance is at 1.2270, a swing low from early May that has also held the pair down recently. Tuesday’s high at 1.2295 is the next level to watch.” 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 AUD/USD: Bouncing off the 0.6403/0.6374 support area – Commerzbank FX Street 2 years GBP/USD Wednesday's four-hour chart is painting a mixed picture, as FXStreet’s analyst Yohay Elam notes. Key quotes “GBP/USD has failed in its attempt to top the 50 Simple Moving Average on the four-hour chart, but momentum remains to the upside.” “Support awaits at 1.2225, a swing high earlier this week, followed by 1.2165, a former double bottom. It is followed by 1.2075, May's low.” “Some resistance is at 1.2270, a swing low from early May that has also held the pair down recently. Tuesday's high at 1.2295 is the next level to watch.” Top 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.
