The GBP/USD pair is again backing away from the 1.3500/15 pivot. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects a setback with next support seen at the 1.3129 55-day moving average. Key quotes “GBP/USD is again backing away from tough resistance at the 1.3500/1.3540 recent high and December 2019 high. We are alert to a set back from here near-term.” “Nearby support is offered by the 55-day moving average at 1.3129 and also by 1.3050, the five-month uptrend and for now, while above here the market remains bid.” “The 1.3515/40 December 2019 high is considered to be a major break up point to the 1.4377 2018 high longer-term. This is such major resistance we will need to see two daily closes or a weekly close above here to confirm a break higher.” 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 Gold Price Analysis: XAU/USD consolidates in a range around $1835 region FX Street 2 years The GBP/USD pair is again backing away from the 1.3500/15 pivot. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects a setback with next support seen at the 1.3129 55-day moving average. Key quotes “GBP/USD is again backing away from tough resistance at the 1.3500/1.3540 recent high and December 2019 high. We are alert to a set back from here near-term.” “Nearby support is offered by the 55-day moving average at 1.3129 and also by 1.3050, the five-month uptrend and for now, while above here the market remains bid.” “The 1.3515/40 December 2019 high is considered to be… 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.
