Karen Jones, analyst at Commerzbank, notes that the GBP/USD pair has continued to hold and bounce from the short term uptrend at 1.2980 as the market has challenged the 1.3363 July 2018 high, reaching 1.3382 before failing. Key Quotes “The new high has been accompanied by a divergence of the daily RSI and we would allow for some near term consolidation ahead of further upside attempts. Overall target remains the 1.3584 200 week ma. Below the 1.2980 short term uptrend lies the double Fibo retracement at 1.2900/1.2895. This guards the recent low at 1.2772.” “Below 1.2772 we would allow for losses to the 1.2669/62 15th January low and August low and possibly the 1.2609/78.6% retracement.” 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 Ripple overview: XRP/USD’ stuck under $0.3200, the triumph was short-lived FX Street 4 years Karen Jones, analyst at Commerzbank, notes that the GBP/USD pair has continued to hold and bounce from the short term uptrend at 1.2980 as the market has challenged the 1.3363 July 2018 high, reaching 1.3382 before failing. Key Quotes "The new high has been accompanied by a divergence of the daily RSI and we would allow for some near term consolidation ahead of further upside attempts. Overall target remains the 1.3584 200 week ma. Below the 1.2980 short term uptrend lies the double Fibo retracement at 1.2900/1.2895. This guards the recent low at 1.2772." "Below 1.2772 we would allow for… 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.
