GBP/USD registers another failure to cross 100-day SMA. A short-term falling trend line adds to the resistance. Bearish MACD signals keep sellers hopeful amid a lower high formation since the month’s start. GBP/JPY stays mildly weak to 1.2950 during the Asian session on Monday. In doing so, the pair fails to extend Friday’s bounce while staying below 100-day SMA. Not only multiple failures to cross 100-day SMA but a short-term descending resistance line portraying the lower high pattern since the month’s start, as well as bearish MACD, also favor the sellers. That said, the NZD/USD prices may now revisit 50% Fibonacci retracement of October-December 2019 upside, at 1.2854, a break of which could further push the bears towards November 2019 low of 1.2768. On the upside, a downward sloping trend line since February 03, at 1.2995 will challenge buyers beyond a 100-day SMA level of 1.2960. If at all the quote manages to rise past-1.2995, also clears 1.3000 round-figure, it can then aim for February 13 top surrounding 1.3070. GBP/USD daily chart Trend: Bearish 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 S&P 500 futures slide as Gold gains on virus concerns FX Street 2 years GBP/USD registers another failure to cross 100-day SMA. A short-term falling trend line adds to the resistance. Bearish MACD signals keep sellers hopeful amid a lower high formation since the month’s start. GBP/JPY stays mildly weak to 1.2950 during the Asian session on Monday. In doing so, the pair fails to extend Friday’s bounce while staying below 100-day SMA. Not only multiple failures to cross 100-day SMA but a short-term descending resistance line portraying the lower high pattern since the month’s start, as well as bearish MACD, also favor the sellers. That said, the NZD/USD prices may now revisit 50%… 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.
