GBP/USD rises to 1.3130, up 0.26% on a day, and is on course for the five-year resistance line at 1.3175, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “GBP/USD has maintained upside pressure and is poised to reach the 1.3175 the 2015-2020 downtrend. The 1.3201 March 2020 high lies just above here and we would allow for this to hold the initial test.” “Dips lower are expected to find initial support at the 1.2814 June high ahead of 200-day ma at 1.2701 and remain contained by the 1.2529 support line.” 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/JPY struggles near 4-1/2 month lows, below mid-104.00s FX Street 3 years GBP/USD rises to 1.3130, up 0.26% on a day, and is on course for the five-year resistance line at 1.3175, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “GBP/USD has maintained upside pressure and is poised to reach the 1.3175 the 2015-2020 downtrend. The 1.3201 March 2020 high lies just above here and we would allow for this to hold the initial test.” “Dips lower are expected to find initial support at the 1.2814 June high ahead of 200-day ma at 1.2701 and remain contained by the 1.2529 support line.” 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.
