{"id":104378,"date":"2020-09-09T11:32:41","date_gmt":"2020-09-09T10:32:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104378"},"modified":"2020-09-09T16:31:43","modified_gmt":"2020-09-09T15:31:43","slug":"104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\/","title":{"rendered":"GBP\/USD Price Analysis: Rebound From 6 Week Low Sees Resistance at 1.2955"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">Pound to US dollar<\/a> (GBP\/USD) is attempting to rebound from a 6 week nadir<\/strong><\/li>\n<li><strong>Decline sparked by rectangle breakdown on 15-minutes chart<\/strong><\/li>\n<li><strong>Rebound could struggle at 1.2955.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">GBP\/USD<\/a> is trying to rebound from 6 week nadir at 1.2920, however Brexit risks\u00a0 and greenback demand could cap the bounce<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The UK government\u2019s internal market bill due to be released later today could also keep the bulls in check.<\/span><\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p><span style=\"font-weight: 400;\">According to Sky News, the bill addresses how trade between England, Northern Ireland, Scotland and Wales will remain barrier-free post Brexit from 31 December 2020..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking at the technicals, a rectangle breakdown on the 15-minutes chart\u00a0 saw the target 1.2929 achieved. The selloff continued reaching six-week lows at 1.2920.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price then rebound with resistance seen at 1.2955, the confluence of the pattern support and 21-Simple Moving Average (SMA).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beyond here, resistance can be seen at 50-SMA of 1.2965.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) on the said time frame has moved out of oversold territory but remains in the bearish zone at 38.45.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound to US dollar (GBP\/USD) is attempting to rebound from a 6 week nadir Decline sparked by rectangle breakdown on 15-minutes chart Rebound could struggle at 1.2955. GBP\/USD is trying to rebound from 6 week nadir at 1.2920, however Brexit risks\u00a0 and greenback demand could cap the bounce The UK government\u2019s internal market bill due [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5595,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1888,1398],"class_list":{"0":"post-104378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-gbp-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD Price Analysis: Rebound From 6 Week Low Sees Resistance at 1.2955 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD Price Analysis: Rebound From 6 Week Low Sees Resistance at 1.2955\",\"datePublished\":\"2020-09-09T10:32:41+00:00\",\"dateModified\":\"2020-09-09T15:31:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\\\/\"},\"wordCount\":203,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100638-gbp-eur-pound-pares-losses.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104227-gbp-usd-price-analysis-rebound-from-6-week-low-sees-resistance-at-1-2955\\\/\",\"name\":\"GBP\\\/USD Price Analysis: Rebound From 6 Week Low Sees Resistance at 1.2955 - 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